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Paid off the second issue bonds

01.04.2005

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Astana Finance JSC declared today the last coupon payment and the principal amount payment on its second issue interest bonds. The liabilities to creditor were performed in full.

The total amount of coupon payments was KZT 201,979,800.00 the principal amount paid – KZT 4,488,440,000.00.

The second issue of bonds took place on April 1, 2002 and had the following factors: issue volume – KZT 4.5 billion,  circulation term – 3 years, a half year coupon – 9%. The security was structured so that the bond’s nominal value increased in weakening of KZT with respect to USD. Thus the investors were protected from negative fluctuation in currency market.

During the securities circulation period the investment base included pension funds (key investors in market), second tier banks, and other investment institutions. With the mutual funds appearance in the Company expects further diversification of investors’ nature and local capital market development on the whole.

On the Company successfully paid its debut bonds at face-value of USD 10 million. The promissory notes issued by the Company and being in circulation include security notes of the third issue secured by mortgage certificates pool and also the forth issue bonds with a coupon pegged to inflation. At present the Company is floating the fifth issue bonds under its first bond program. The detailed data on bonds of Astana Finance JSC are available at the official website of Kazakhstan Stock Exchange (www.kase.kz).

updated 09.12.2008


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