Kazakhstan Mortgage Company JSC offered 670.0 m. of KZ2CKY10B315 (KZIKb8) bonds under 8.00% - 9.29% APR on KASE on April 2
02.04.07 20:41
/KASE, April 2, 07/ - On April 4 of 2007 in Kazakhstan stock exchange's
(KASE) trade system specialized trades on finishing offering of
KZ2CKY10B315 mortgage bonds of Kazakhstan Mortgage Company
JSC (Almaty) (KASE's official "А" listing category, KZIKb8, KZT1, KZT5.0
bn.; October 1, 04 - October 1, 14, semi-annual coupon, indexed on inflation
rate, 7.90% APR, for the current coupon period; 30/360) were held.
The issuer planned to offer 60% registered volume of the issue - 3.0 bn.
bonds at the trades.
The subject of trading was the price of a bond, expressed in percentage
from face value of security to the fourth figure after comma, deducting the
accumulated interest. Bids for participation in offering were submitted by
closed method from 11:30 a.m till 13:00 p.m. (ALT). Only limited bids were
accepted at the trades. The bids' market satisfying stake was 50%. Method
of bids satisfying for purchase was as follows: for limited - by declared price,
market - by weighted average price of non-cut-off limited bids. Payments
scheme was T+0.
2 members of KASE took part in trades, who had submitted 6 limited bids. 5
orders for purchasing of 670.0 m. bonds were left by the moment on the
expiry of time for bids submission in KASE's trade system. Thus, summary
demand at trades made 22.3% out of the declared volume for offering. The
net price in submitted active bids varied from 92.5861% (9.29% APR) to
99.4438% (8.00% APR) and in average weighted expression totaled
97.0456% (8.44% APR). In total volume of demand 89.6% (by number of
bonds) were controlled by bids of one of subjects of the pension market,
10.4% - by bids of the non-banking financial organization.
By trades results the issuer satisfied the entire demand. the amount of
borrowing made KZT650,205,397.76.
By data of the Central securities depository JSC (Almaty) all deals for
finishing offering of bonds KZ2CKY10B315 had been executed by the
moment this information was published.
[2007-04-02]