Bank CenterCredit Inspects Collateral on BTA Ipoteka Mortgage Bonds
OREANDA-NEWS. August 18, 2010. Almaty-based Bank CenterCredit, representing holders of mortgage bonds of BTA Bank's mortgage 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 coupon, 10.00 % APR as for the current coupon; 30/360);
- KZ2CKY10B257 (BTAIb2; KZT1; KZT1.5 bn; 21.10.04 - 21.10.14, semiannual coupon indexed to inflation rate, 8.50 % 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, 8.00 % 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, 8.10 % 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, 7.80 % 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, 7.40 % 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, 8.30 % APR as for the current coupon period; 30/360);
- KZP05Y07C112 (BTAIb14; KZT100, KZT10.0 bn; 03.04.07 - 03.04.14, semiannual coupon indexed to inflation rate, 7.30 % APR as for the current coupon period; 30/360);
- KZP07Y10C112 (BTAIb16; KZT100, KZT14.0 bnе; 01.04.08 - 01.04.18, semiannual coupon indexed to inflation rate, 8.70 % APR as for the current coupon period; 30/360),
listing on Kazakhstan Stock Exchange (KASE), informed KASE on the random inspection of collateral of compliance with obligations of BTA Ipoteka before the bondholders according to pledge registers as on July 1, 2010.
On the basis of the inspection Bank CenterCredit informed:
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... collateral and collateral ratio of mortgage bonds comply with bond prospectuses and pledge agreements, however, collateral includes overdue loans before BTA Ipoteka. Coupons are paid timely and in full.
According to the random inspection, the Representative recommended BTA Ipoteka enforce control of data entry into the loan accounting system, monitoring collateral and inform of measures taken.
Responsibility for accuracy of the provided information required for analysis of state of the collateralized property rests with the BTA Ipoteka management.
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