Bank CenterCredit discloses results of checking collateral on mortgage bonds of BTA Ipoteka, subsidiary organization of BTA Bank
16.05.14 12:22
/KASE, May 16, 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, 7.50 % 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, 7.50 % 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, 4.60 % 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 April 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
[2014-05-16]