Bank CenterCredit discloses results of checking collateral on mortgage bonds of BTA Ipoteka, subsidiary organization of BTA Bank
18.05.15 18:24
/KASE, May 18, 15/ – Bank CenterCredit JSC (Almaty), representing holders of
the following mortgage bonds of BTA Ipoteka JSC, subsidiary organization of
BTA Bank JSC (Almaty):
- KZPC3Y10B333 (KZ2C00000909, KASE official text, other debt securities
category, BTAIb5);
- KZP03Y10B642 (KZ2C00000867, KASE official text, other debt securities
category, BTAIb9),
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 BTA Ipoteka JSC, subsidiary organization of BTA Bank JSC, towards its
bondholders according to collateral registers as of April 1, 2015.
On the basis of the inspection Bank CenterCredit JSC 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 enhance 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
BTA Ipoteka JSC, subsidiary organization of BTA Bank JSC.
unquote
[2015-05-18]