OREANDA-NEWS. June 15, 2010. Bank CenterCredit (Almaty), the representative of mortgage bond holders of Subsidiary of joint stock company BTA Bank-Temirbank (Almaty), reported the press-centre of KASE:

- KZPC3Y07B552 (TEBNb6; KZT1, KZT4.0 bn; December 30, 05 - December 30, 12; the semi-annual coupon indexed at the inflation rate, 6.80 % APR for the current coupon period; 30/360);                   

- KZPC4Y09B556 (TEBNb7; KZT1,000; 3,0 bln tenge; 01.06.06 - 01.06.15; the semi-annual coupon indexed at the inflation rate, 8,50 % APR for the current coupon period; 30/360);

- KZPC5Y06B559 (TEBNb8; KZT1,000; KZT3.5 bn; June 1, 06 - June 1, 12;   the semi-annual coupon indexed at the inflation rate, 8.50 % APR for the current coupon period; 30/360);

- KZPC7Y10B557 (TEBNb10; KZT1,000; KZT4.5 bn; November 29, 06 - November 29, 16; the semi-annual coupon indexed at the inflation rate, 6.80 % APR for the current coupon period; 30/360);

- KZPC8Y15B554 (TEBNb11, KZT1,000, KZT4.0 bn; November 29, 06 - November 29, 21; the semi-annual coupon indexed at the inflation rate, 6.80 % APR for the current coupon period; 30/360);

- KZPC5Y10C336 (TEBNb16; KZT1,000, KZT6.0 bn; April 14, 07 - April 14, 17; the semi-annual coupon 8.50 % APR; 30/360);

- KZPC6Y10C334 (TEBNb17; KZT1,000; KZT6.0 bn; April 14, 07 - April 14, 17; the semi-annual coupon indexed at the inflation rate, 8.40 % APR for the current coupon period; 30/360),

which are present in Kazakhstan Stock Exchange (KASE) official list, informed KASE by the official letter on random checking of the mortgage property status, securing obligations fulfillment by Subsidiary mortgage organization of joint stock company BTA Bank-Temirbank on mentioned bonds, on pledge registers as of April 5, 2010.

Based on the implemented check up Bank CenterCredit informed that:

... the check up results showed compliance with bonds issue prospectuses and pledge agreements, however the Bank defaulted payment of coupons from December 2009. On April 29, 2010, Almaty Specialized Financial Court approved the restructuring plan of Temirbank. At present Temirbank in compliance with the Information Memorandum prepares to complete the restructuring, including the distribution procedure.

Also, by the check up results recommended Temirbank to enhance the control of information entry to the loans registration system, monitoring of a pledge subject and notify on measures undertaken.

Temirbank management is responsible for reliability of provided information needed for the financial and property status analysis, securing obligations fulfillment to Temirbank bond holders.