/KASE, October 9, 07/ - Kazakhstan stock exchange (KASE) informs that
the specialized trades on offering of KZPC4Y10B547 mortgage bonds
(KASE's official category "A" list; KZT1; KZT5.0 bn.; January 15, 07 -
January 15, 17, indexed on inflation rate semi-annual coupon; 30/360) of
Kazakhstan Mortgage Company JSC (Almaty), earlier scheduled on
October 10 of 2007, are rescheduled on October 11 due to the transition
of KASE on a new trading system.
Mentioned issue of bonds is the fourth in the limits of second bonds'
program of Kazakhstan Mortgage company JSC, registered by Agency of
Republic of Kazakhstan for regulating and supervision over financial market
and organizations on March 30, 2005 for the total amount of KZT20.0 bn.,
and sixteenth issue of company's bonds, having passed the listing
procedure on KASE.
The issuer plans to offer bonds for the amount of total face value KZT1.0
bn. (20% 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
KZIKB16A. 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
5:00 p.m. ALT on October 11, 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 70%.
Fixed margin expressed up to fourth decimal figure should be indicated as
the price in the bid. Exactly this indicator is the subject of trades.
According to the terms of issue of mentioned bonds, coupon interest rate on
them is charging as sum of values of margin, determined while conducting of
specialized trades at primary offering of bonds and inflation index. At that
according to the prospect of issue of bonds mentioned above, upper limit is
determined at 7.50% APR.
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 minimal lot at trades has been set in the amount of 1,000 bonds.
The satisfaction method of bids for purchase is set by cut-off price. The
issuer will satisfy bids, margin of which would lower or equal to margin of
cut-off. Concerning the last case, the priority will be given to bids, submitted
to the trading system of KASE earlier.
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/
Let us remind that Kazakhstan mortgage company JSC had already tried to
conduct the specialized trades for offering on KASE of KZPC4Y10B547
bonds in February 2007. Trades were considered frustrated due to full
absence of demand.
More detailed information about the issuer and his securities has been
published at
http://www.kase.kz/emitters/kzik.asp
[2007-10-09]