OREANDA-NEWS. January 12, 2010. Danabank (Almaty), securities of which are present in Kazakhstan Stock Exchange (KASE) official list, informed KASE by the official letter that, reported the press-centre of KASE:

In compliance with bonds issue prospectus Danabank will support the cost of pledged mortgage certificates at the level not lower than 140% from offered bonds face value, considering accrued interest, except for bonds bought back by Danabank. As of October 1, 2009 according to the independent registrar Tsentr Dar extract 800,000 bonds were circulating, including 600,000 bought back by Danabank, i.e. holders had 200,000 bonds. Based on the above the pledge cost must make up not less than KZT289.6 m.

According to the inspection results by Bank CenterCredit - representative of bonds holders, were detected the following conflicts in the provided by Danabank evaluation, which resulted in the decrease of the pledge cost to KZT275.1 m.

This inconsistency will be considered when developing mortgage certificates register by the next inspection date.

All obligations on the coupon interest payment during the reporting period were fulfilled timely and in the full volume.

Previously KASE published news of December 30, 2009 "/SUUPLEMENTED/ Bank CenterCredit checks collateral on bonds KZ2CKY05B752 (DNBNb1) of Danabank (Kazakhstan)" - http://www.kase.kz/en/news/show/1092314