Bank CenterCredit Checks Collateral on Mortgage Bonds of KMC
OREANDA-NEWS. June 11, 2010. Bank CenterCredit (Almaty), a representative of holders of mortgage bonds of Kazakhstan Mortgage Company (Almaty), reported the press-centre of KASE:
- KZ2C0Y07B224 (KZIKb6; KZT1; KZT5.0 bn; 01.06.04 - 01.04.11, semiannual coupon indexed to inflation rate, 7.59 % APR as for the current coupon period; 30/360);
- KZPC1Y10B543 (KZIKb11; KZT1; KZT5.0 bn; 10.04.05 - 10.04.15, semiannual coupon 6.90 % APR; 30/360);
- KZPC2Y12B547 (KZIKb12, KZT1, KZT5.0 bn; 10.04.05 - 10.04.17; semiannual coupon indexed to inflation rate, 7.21 % APR as for the current coupon period; 30/360);
- KZPC4Y10B547 (KZIKb16; KZT1, KZT5.0 bn; 15.01.07 - 15.01.17, semiannual coupon indexed to inflation rate, 6.21 % APR as for the current coupon period; 30/360);
- KZP03Y05C491 (KZIKb18; KZT1; KZT5.0 bn; 01.12.07 - 01.12.12; semiannual coupon 11.00 % APR; 30/360),
listing on Kazakhstan Stock Exchange (KASE), informed KASE on a random inspection of collateral securing compliance of obligations of Kazakhstan Mortgage Company on the bonds, according to collateral register as on April 8, 2010.
On the basis of the inspection Bank CenterCredit informed "the collateral and mortgage bond collateral ratio comply with requirements of bond issue prospectuses and collateral agreements. Coupon interests are paid in full and in a timely manner. Responsibility for accuracy of the provided information required for analysis of financial standings and state of collateralized property securing compliance of obligations before bondholders rests with the management of Kazakhstan Mortgage Company".
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