ORDER OF THE MINISTER OF INDUSTRY AND CONSTRUCTION OF THE REPUBLIC OF KAZAKHSTAN

of May 24, 2024 No. 190

About approval of Rules of subsidizing of rate of coupon remuneration on the bonds issued by the issuer for further issue of mortgage housing loans for the purpose of improvement of housing conditions according to the legislation of the Republic of Kazakhstan

According to subitem 420-1) of Item 15 of the Regulations on the Industry ministry and the construction of the Republic of Kazakhstan approved by the order of the Government of the Republic of Kazakhstan of October 4, 2023 No. 864 "Some questions of the Industry ministry and construction of the Republic of Kazakhstan", PRIKAZYVAYU:

1. Approve the enclosed Rules of subsidizing of rate of coupon remuneration on the bonds issued by the issuer for further issue of mortgage housing loans for the purpose of improvement of housing conditions according to the legislation of the Republic of Kazakhstan according to appendix to this order.

2. To provide to committee on cases of construction and housing and communal services of the Industry ministry and construction of the Republic of Kazakhstan in the procedure established by the legislation:

1) state registration of this order in the Ministry of Justice of the Republic of Kazakhstan;

2) placement of this order on Internet resource of the Industry ministry and construction of the Republic of Kazakhstan.

3. To impose control of execution of this order on the supervising vice-Minister of Industry and construction of the Republic of Kazakhstan.

4. This order becomes effective after ten calendar days from the date of its first official publication.

Appendix

to the Order of the Minister of Industry and construction of the Republic of Kazakhstan of May 24, 2024 No. 190

Rules of subsidizing of rate of coupon remuneration on the bonds issued by the issuer for further issue of mortgage housing loans for the purpose of improvement of housing conditions according to the legislation of the Republic of Kazakhstan

Chapter 1. General provisions

1. These rules of subsidizing of rate of coupon remuneration on the bonds issued by the issuer for further issue of mortgage housing loans for the purpose of improvement of housing conditions according to the legislation of the Republic of Kazakhstan (further - Rules), are developed according to subitem 420-1) of Item 15 of the Regulations on the Industry ministry and the construction of the Republic of Kazakhstan approved by the order of the Government of the Republic of Kazakhstan of October 4, 2023 No. 864 "Some questions of the Industry ministry and construction of the Republic of Kazakhstan" and determine procedure and conditions of subsidizing of rate of coupon remuneration on the bonds issued by the issuer for further issue of mortgage housing loans for the purpose of improvement of housing conditions according to the legislation of the Republic of Kazakhstan.

2. In these rules the following basic concepts are used:

1) subsidizings of rate of coupon remuneration on the bonds issued by the issuer for further issue of mortgage housing loans for the purpose of improvement of housing conditions according to the legislation of the Republic of Kazakhstan (further - subsidizing) – compensation of part of the expenses paid by the issuer to the bondholder with subsidized rate of coupon remuneration;

2) rate of coupon remuneration - the amount of coupon remuneration expressed as a percentage which is determined and created in accordance with the terms of the prospectus and subject to payment on periodic basis to the bondholder for use of the money received by the issuer owing to placement of the bond;

3) stock exchange – the legal entity created in form of business of joint-stock company which at least 25 (twenty five) percent from total quantity of voting shares belong to National Bank of the Republic of Kazakhstan, the performing organizational and technical supply of the biddings by their direct carrying out with use of trade systems of this organizer of the biddings;

4) the agreement of subsidizing of rate of coupon remuneration on bonds (further - the agreement) - the bilateral written agreement signed between authorized body and the issuer under the terms of whom the authorized body subsidizes part of rate of coupon remuneration on the bonds issued by the issuer according to the legislation of the Republic of Kazakhstan;

5) the prospectus of bond issue - the document containing the information about the issuer, the bonds assumed to sale, release amount, the number of bonds in release, the procedure and procedure for their release, placement, the address, payment of remuneration, repayment and other information which influences the decision of the investor on bond purchase;

6) authorized body for architecture, town planning and construction (further – authorized body) - the central state body performing management in the sphere of public administration of architectural, town-planning and construction activities;

7) the issuer – person performing release of issued securities.

3. Subsidizing is performed on the bonds issued according to the legislation of the Republic of Kazakhstan on questions of the security market.

4. The means provided for subsidizing are listed for the account of means of the republican budget by authorized body on the basis of the agreement signed with the issuer according to appendix 1 to these rules.

5. Subsidies are annually transferred into the bank account of the issuer by single payment, in the amount of equal subsidized rate of coupon remuneration in financial year, according to the repayment schedule which is appendix to the agreement according to appendix 1 to these rules (further – the repayment schedule).

6. Subsidies are charged from period start date of the circulation of bonds according to the prospectus of bond issue by the issuer before period end date of the circulation of bonds.

7. Within these rules the issuer is understood as the subject of the quasi-public sector which is bank of the second level, performing activities within system of housing construction savings.

Chapter 2. Procedure for subsidizing

8. Subsidizing includes the following procedure:

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