/KASE, March 19, 07, repetition of the news for March 16, explanations
after paragraph 8 are added/ - Kazakhstan stock exchange (KASE) informs
that on March 20, 2007 the specialized trades for offering of KZPC1Y05C285
bonds (KASE's official "A" listing category, KAFIb1, KZT1,000, KZT5.0 bn.;
December 28, 06 - December 28, 11, semi-annual coupon, indexed on inflation
rate, for the first coupon period will be determined by results of the
specialized trades, 30/360) of KazAgroFinance JSC (Astana) will be held
on KASE.
The specified issue of bonds is the first within the frameworks of the first
bond program of KazAgroFinance JSC, registered by the Agency of the Republic
of Kazakhstan for regulation and supervision of the financial market and
financial organizations on October 12, 2006 for a total of KZT30.0 bn
under number C28, and the first issue of the company's domestic bonds,
which passed the listing procedure on KASE.
The issuer plans to offer bonds for the amount of face value KZT3.0 bn.
(100% of the registered volume of the issue).
The specialized trades will be held in the KASE's trade system from 11:30
a.m. till 1:00 p.m. of Almaty time (ALT). The code of a security is KAFIb1A.
The issuer should determine the cut off price till 3:00 ALT on the trades
holding day. The buyer of securities is obliged to secure transference
of money for purchased securities to KASE's correspondent account before
4:00 p.m. ALT on March 20, 2007 (T+0).
Limited and market bids are admitted to the trades, submitted by the closed
method. The stake of satisfaction of market bids equals to 30%.
Coupon rates on bonds, expressed in percent APR rounded off to two decimal
places, should be indicated as the price in the bid. Exactly this indicator
is the subject of trades.
The quantity of financial instruments in the bid must be equal to the total
face value of securities in Kazakhstan tenge, divisible by the face value
of one security.
The satisfaction method of limited bids for purchase is set by declared price.
The issuer will satisfy bids, prices of which are upper or equal to the
cut-off price. Concerning the last case, the priority will be given to bids,
submitted to the trading system of KASE earlier.
The satisfaction method of market bids for purchase is set by the weighted
average price of limited bids, prices in which are lower of equal to the
cut off price.
The issuer will examine the coupon rate submitted in every bid (price
parameter of trade) also as yield of bonds to maturity for this purchaser.
It will let him:
- To determine the interest rate of bonds for the first coupon period, using
for it the meaning of cut-off rate;
- To make the cutting-off the bids submitted for trades (to satisfaction will
be examining only bids, rate in which will be lower or equal to cut-off
arte; in the last case the priority will be given to bids, submitted to
KASE's trade system earlier);
- With the help of exchange from the given meanings of rates to calculate
the prices of bonds in each bid in percents from the face value;
- To make the satisfaction of not-cut limited bids at the announced price,
and of market- bids - at average weighted price.
Bids can be submitted only by members of KASE of "P" category (the right to
participate in trades with non-corporate issue securities, included into the
official list of the stock exchange). Investors can submit bids through those
juridical entities. The full list if KASE's members of "P" category is
published on the web site of the stock exchange
at
http://www.kase.kz/kasemembers/
More detailed information about the issuer and its securities is being
published at
http://www.kase.kz/emitters/kafi.asp
[2007-03-19]