Bonds of BTA Ipoteka Transferred from 1st to 2nd Subcategory
OREANDA-NEWS. February 04, 2010. The Listing commission of Kazakhstan Stock Exchange (KASE) decided beginning February 1, 2010 to transfer from the first to the second subcategory of "Non-rated debt securities" the following bonds of BTA Bank's subsidiary BTA Ipoteka (Almaty), reported the press-centre of KASE:
- KZ2C0Y07A861 (BTAIb1; KZT10,000, KZT500.0 m; 26.12.03 - 26.12.10; three-month floating rate coupon, 10.00 % APR as for the current coupon period; 30/360);
- KZ2CKY10B257 (BTAIb2; KZT1, KZT1.5 bn; 21.10.04 -21.10.14; semiannual coupon indexed to inflation rate, 7,30 % APR as for the current coupon period; 30/360);
- KZPC1Y07B335 (BTAIb3; KZT1, KZT2.0 bn, 15.12.04 - 15.12.11; semiannual coupon indexed to inflation rate, 6.80 % APR as for the current coupon period; 30/360);
- KZPC2Y05B335 (BTAIb4; KZT100, KZT2.0 bn, 11.05.05 - 11.05.10; semiannual coupon indexed to inflation rate, 7.80 % APR as for the current coupon period; 30/360);
- KZPC3Y10B333 (BTAIb5; KZT100, KZT4.0 bn, 11.05.05 - 11.05.15; semiannual coupon indexed to inflation rate, 6.80 % APR as for the current coupon period; 30/360);
- KZP04Y05B335 (BTAIb6; KZT100, KZT2.0 bn, 17.06.05 - 17.06.10; semiannual coupon indexed to inflation rate, 7.80 % APR as for the current coupon period; 30/360);
- KZPC1Y07B648 (BTAIb7; KZT100, KZT4.0 bn, 13.07.05 - 13.07.12; semiannual coupon indexed to inflation rate, 7.20 % APR as for the current coupon period; 30/360);
- KZPC2Y08B644 (BTAIb8; KZT100, KZT7.0 bn, 22.08.05 - 22.08.13; semiannual coupon indexed to inflation rate, 7.40 % APR as for the current coupon period; 30/360);
- KZPC3Y10B648 (BTAIb9; KZT100, KZT4.0 bn, 21.02.06 - 21.02.16; semiannual coupon indexed to inflation rate, 7.00 % APR as for the current coupon period; 30/360);
- KZPC1Y10C111 (BTAIb11; KZT100, KZT10.0 bn; 04.08.06 - 04.08.16, semiannual coupon indexed to inflation rate, 8.10 % APR as for the current coupon period; 30/360);
- KZP02Y10C113 (BTAIb12; KZT100, KZT1.0 bn; 04.08.06 - 04.08.16, semiannual coupon 7.00 % APR; 30/360);
- KZP03Y10C111 (BTAIb13; KZT100, KZT1.0 bn, 28.12.06 - 28.12.16; semiannual coupon 7.00 % APR; 30/360);
- KZP05Y07C112 (BTAIb14; KZT100, KZT10.0 bn, 03.04.07 - 03.04.14; 6.10 % APR as for the current coupon period, 6.10 % APR as for the current coupon period; 30/360);
- KZP07Y10C112 (BTAIb16; KZT100, KZT14.0 bn, 01.04.08 - 01.04.18; APR as for the current coupon period, 7.50 % APR as for the current coupon period; 30/360).
The KASE opinion dated January 10, 2010 says according to results of check of BTA Ipoteka and the bonds regarding compliance with listing requirements set by Addenda to order of Chairman of the Agency of the Republic of Kazakhstan on regulation of activities of the Regional Financial Center of Almaty "On requirements to issuers, pending listing or listing on the special trading of the Regional Financial Center of Almaty, and to such securities" dated May 8, 2008 No. 04.2-09/119 for the first subcategory of "Non-rated debt securities", it was disclosed the bonds do not comply with the market maker requirement. There has been no operating market maker beginning December 8, 2009 on the bonds, which is a violation of a listing requirement set in sub-item 9) of item 10 of the Addenda.
Subject to the aforementioned and in accordance with sub-item 2) of item 2 of article 16 of KASE internal document "Listing rules" the bonds were transferred from the first to the second subcategory of "Non-rated debt securities", for listing in which the market maker requirement is binding.
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