Bank CenterCredit reports on status of pledge on mortgage bonds of Mortgage Organization Kazakhstan Mortgage Company as of January 1, 2012
/KASE, January 25, 12/ - JSC "Bank CenterCredit" (Almaty), a representative of holders of the following mortgage bonds issued by JSC "Mortgage Organization Kazakhstan Mortgage Company" (Almaty):
- KZPC1Y10B543 (KZ000A0TZWX1, KZIKb11; KZT1; KZT5.0 bn; April 10, 2005 - April 10, 2015, semi-annual coupon 6.90 % APR; 30/360);
- KZPC2Y12B547 (KZ000A0TZW51, KZIKb12, KZT1, KZT5.0 bn; April 10, 2005 - April 10, 2017; semi-annual coupon indexed at inflation rate, 7.50 % APR in the current coupon period; 30/360);
- KZPC4Y10B547 (KZ2C00001071, KZIKb16; KZT1, KZT5.0 bn; January 15, 2007 - January 15, 2017, semi-annual coupon indexed at inflation rate, 7.41 % APR in the current coupon period; 30/360);
- KZP03Y05C491 (KZ2C00001063, KZIKb18; KZT1; KZT5.0 bn; December 1, 2007 - December 1, 2012; semi-annual coupon 11.00 % APR; 30/360),
which are listed in Kazakhstan Stock Exchange (KASE) official list, has informed KASE by an official letter of a random check of the pledge of JSC "Mortgage Organization Kazakhstan Mortgage Company" securing obligations fulfillment on the mentioned bonds based on mortgage property registers as of January 1, 2012.
Based on the conducted check-up JSC "Bank CenterCredit" informs that:
quote
... the pledge and the value of the pledge's coverage ratio of mortgage bonds are in compliance with requirements of the bond issue prospectuses and collateral agreements.
Also, by the random check's results the Representative has recommended JSC "Mortgage Organization Kazakhstan Mortgage Company" to enhance the ensuing control of information entry to the loans registration system, monitoring of the pledged assets, repayment of the principal and notify on measures undertaken.
The management of JSC "Mortgage Organization Kazakhstan Mortgage Company" is responsible for reliability of the information necessary for analysis of status of property serving as pledge for the Issuer's liability fulfillment towards the bondholders.
unquote
[2012-01-25]