Bank CenterCredit Reports Status of KMC Pledge on Mortgage Bonds
OREANDA-NEWS. November 24, 2010. Bank CenterCredit (Almaty), the representative of holders of the following mortgage bonds issued by Mortgage Organization Kazakhstan Mortgage Company (Almaty), reported the press-centre of KASE:
- KZ2C0Y07B224 (KZIKb6; KZT1; KZT5.0 bn; June 1, 2004 - April 1, 2011; semi-annual coupon indexed at the inflation rate, 7.09 % APR for the current coupon period; 30/360);
- KZPC1Y10B543 (KZIKb11; KZT1; KZT5.0 bn; April 10, 2005 - April 10, 2015; semi-annual coupon 6.90 % APR; 30/360);
- KZPC2Y12B547 (KZIKb12, KZT1; KZT5.0 bn; April 10, 2005 - April 10, 2017; semi-annual coupon indexed at the inflation rate, 6.71 % APR for the current coupon period; 30/360);
- KZPC4Y10B547 (KZIKb16; KZT1; KZT5.0 bn; January 15, 2007 - January 15, 2017; semi-annual coupon indexed at the inflation rate, 6.81 % APR for the current coupon period; 30/360);
- KZP03Y05C491 (KZIKb18; KZT1; KZT5.0 bn; December 01, 2007 - December 1, 2012; semi-annual coupon 11.00 % APR; 30/360),
which are listed in Kazakhstan Stock Exchange (KASE) official list, informed KASE by an official letter of a random check-up of the pledge of Mortgage Organization Kazakhstan Mortgage Company securing obligations fulfillment on the mentioned bonds based on mortgage property registers as of October 1, 2010.
Based on the conducted check-up Bank CenterCredit informed that:
... mortgage bonds are secured and fully comply with bonds issue prospectuses and pledge agreements. Coupon interests are paid timely and fully.
Management of Mortgage Organization Kazakhstan Mortgage Company is responsible towards the bondholders for reliability of the information necessary for the financial and property status analysis.
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