On August 28 Holding Group ALMEX JSC offered 775.0 m. KZ2C0Y05C168 (ALMXb1) issue bonds on KASE under 8.00% APR
28.08.06 21:58
/KASE, August 28, 06/ - On August 28, 2006 the second specialized trades
on offering of KZ2C0Y05C168 issue bonds of Holding Group ALMEX
JSC (Almaty) (KASE's official securities list of "A" category, ALMXb1; KZT1,
KZT8.0 bn.; August 22, 06 - August 22, 11; annual coupon, 8.00% APR; 30/360)
in Kazakhstan stock exchange's (KASE) trade system has taken place.
The issuer was planning to offer 4.0 bn. bonds of the issue (50% of the
registered issue volume) at the trades on August 25 and 28, 2006. Taking
into account the results of offering on August 25, 2006 (1,905.0 m. bonds),
the issuer offered 2,095.0 m. copies or 26.2% from the registered volume at
the described trades.
The subject of trading was net price of bonds (without accumulated interest),
expressed in percentage from face value of the security to the fourth figure
after comma. Bids for participation in offering were submitted by close method
from 11:30 a.m till 13:00 p.m. (ALT). Only limited market bids were accepted
on the trades. Method of bid satisfaction for purchase - at clamed price.
The issuer satisfied the bids, in which prices were higher or equal to the
cut-off price. In the latter case, the preference was given to bids, having
submitted to the trade system of KASE earlier. Scheme of computations - T+0.
2 members of KASE, who had submitted 2 limited bids for purchase of
775,000,000 bonds, took part in trades. To the moment of bids submitting
period expiration, all orders were active. Thus, demand at trades made
37.0% from the announced volume for the offering. Net price in submitted
bids was 99.9950% (8.00% APR to maturity for purchaser). In total volume
of demand 77.4% was controlled by bids of the pension funds of
Kazakhstan, 22.6% - by the bid of Broker-dealer Company.
By results of the trade the issuer set the cut off price at the rate of
99.9975%, which corresponds to the yield of bonds to maturity for a buyer at
the rate of 8.00% APR, and at this price fully satisfied the whole demand.
The sum of borrowing at that totaled KZT775,994,583.33.
By the results of two trading days (August 25 and 28) of Holding Group
ALMEX JSC offered at the specialized trades of KASE 2,680,000,000 its
bonds of KZ2C0Y05C168 issue, that makes 67.0% out of the planned for
offering volume of the issue or 33.5% out of the registered volume of the
issue. Total volume of the issue made KZT2,682,216,958.33. Prices of the
purchased bonds totaled 99.9975% and 99.9950%, that corresponds to yield
of bonds to maturity for a purchaser in size of 8.00% APR. Out of the offered
volume 93.3% of bonds accounts for the stake of pension funds, 6.7% - for
the stake of the broker-dealer company.
[2006-08-28]