Kazakhstan Mortgage Company JSC offered 10.0 m. of its KZPC2Y05B145 (KZIKb10) bonds at 8.50% APR on KASE on April 17
17.04.07 21:52
/KASE, April 17, 07/ - On April 17, 2007 in Kazakhstan stock exchange's
(KASE) trading system the specialized trades for additional placement of
KZPC2Y05B145 mortgage bonds (KASE's official "А" listing category,
KZIKb10, KZT1, KZT5.0 bn.; March 1, 05 - March 1, 10, semi-annual
coupon 5.69% APR, 30/360) of Kazakhstan Mortgage Company JSC
(Almaty) were held.
The issuer planned to offer 2.0 bn. bonds (40% registered volume of the
issue).
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. Payment
scheme was T+0.
One member of KASE took part in trades - broker-dealer company, which
submitted one limited bid for purchase of 10.0 m. bonds at net price of
92.9585% (8.50% APR). Thus, demand at trades did not exceed 0.5% of the
declared volume of additional offering.
By results of trades the issuer fully satisfied the bid. Borrowing amount
totaled KZT9,368,555.56
According to data of the Central depository of securities JSC (Almaty) this
deal had been executed by the moment of publication of this information.
[2007-04-17]