Bank CenterCredit discloses results of checking collateral on mortgage bonds of BTA Ipoteka (Kazakhstan)

19.02.14 18:01
/KASE, February 19, 14/ – JSC "Bank CenterCredit" (Almaty), representing holders of the following mortgage bonds of JSC "Subsidiary organization of joint-stock company "BTA Bank" "BTA Ipoteka" (Almaty): - KZ2C0Y10B251 (KZ2C00000842, BTAIb2; KZT1; KZT1.5 bn; October 21, 2004 – October 21, 2014, semi-annual coupon indexed at inflation rate, 7.10 % APR in the current coupon period; 30/360); - KZPC3Y10B333 (KZ2C00000909, BTAIb5; KZT100; KZT4.0 bn; May 11, 2005 – May 11, 2015, semi-annual coupon indexed at inflation rate, 7.10 % APR in the current coupon period; 30/360); - KZP03Y10B642 (KZ2C00000867, BTAIb9; KZT100, KZT4.0 bn; February 21, 2006 – February 21, 2016, semi-annual coupon indexed at inflation rate, 6.00 % APR in the current coupon period; 30/360); - KZP05Y07C112 (KZ2C00000859, BTAIb14; KZT100, KZT10.0 bn; April 3, 2007 – April 3, 2014, semi-annual coupon indexed at inflation rate, 5.90 % APR in the current coupon period; 30/360); listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of a random inspection of the collateral as for compliance with obligations of JSC "Subsidiary organization of joint-stock company "BTA Bank" "BTA Ipoteka" towards its bondholders according to collateral registers as of January 1, 2014. On the basis of the inspection JSC "Bank CenterCredit" has informed of the following: quote The collateral and collateral ratio of the mortgage bonds comply with requirements of the bond prospectuses and collateral agreements. Coupons are paid timely and in full. According to the random inspection, the Representative has recommended to the Issuer to enforce further control over data entry into the loan registering system, monitoring collateral and inform of relevant measures taken. Responsibility for the accuracy of the provided information required for analysis of state of the collateralized property rests with the management of JSC "Subsidiary organization of joint-stock company "BTA Bank" "BTA Ipoteka". unquote [2014-02-19]