Kazakhstan Mortgage Company JSC offered 5.0 m. its KZPC4Y10B547 (KZIKb16) bonds at 7.50% APR on KASE on October 12

/KASE, October 12, 07/ - On October 12, 2007 in Kazakhstan stock exchange's (KASE) trading system the specialized trades for additional offering of KZPC4Y10B547 mortgage bonds (KASE's official "А" listing category, KZT1, KZT5.0 bn.; January 15, 07 - January 15, 17) of Kazakhstan Mortgage Company JSC (Almaty) were held. The issuer planned to offer bonds to the face value of 1.0 bn. (20% registered volume of the issue). The subject of trading was a fixed margin, expressed to the fourth figure after comma. Bids for participation in offering were submitted by closed method from 11:30 a.m till 13:00 p.m. (ALT). Only limited and market bids were accepted for the trades. The market bids' satisfying stake was 70%. Method of bids satisfying for purchase was by cut-off price. The calculation scheme was T+0. One of Kazakhstan second tier banks took part in trades, which submitted one limited bid to purchase of 5.0 m. bonds. The margin of the bid was equal to 0.0100% APR. That bid was accepted by the issuer in the full volume. At that, the raised sum totaled KZT5,000,000.00 According to data of the Central depository of securities JSC (Almaty) this deal had been executed by the moment of publication of this information. According to the issue terms of KZPC4Y10B547 bonds of Kazakhstan Mortgage Company JSC, the coupon rate on them is calculated as a sum of margin, determined during the specialized trades at the initial bonds placement, and the inflation index in annual terms for the month, preceding to the month when the rate is set. In September 2007, inflation in made 11.2% APR. However, according to the issue prospect of the specified bonds the upper boundary of the coupon rate was determined at 7.5% APR. Thus, yield to maturity of KZPC4Y10B547 bonds totals 7.50% APR by the results of auction for the current period. [2007-10-12]