Results of primary floatation of the first issue bonds of AMB CJSC

/IRBIS, Oct 02, 00, official press-release of the Exchange/ - Kazakhstan Stock Exchange informs that auction on primary floatation of Almaty Merchant Bank CJSC coupon bonds(official list of KASE securities, category "A", trade code ATFBb) was held on the trade system of KASE on Oct 02. By results of the auction the issuer floated the planned volume of securities - 13,000 bonds for a nominal value of $1,300.0 th at 99.475% of nominal price and 11.38% APR (annual baisi) annual yield to maturity or 10.07% APR (semiannual basis). Demand exceeded supply 1.8 times. The table contains the floatation parameters and complete results of additional floatation. ------------------------------------------------------------------------------ Type of the securities Coupon bond NSIN KZ2CKAN3AA16 KASE trade code ATFBb Face value, USD 100.00 Registered issue volume, USD 5,000,000.00 Issue date Oct 02, 2000 Circulation date Oct 02, 2000 Maturity date Oct 02, 2001 Term in days 364 Coupon type semiannual Coupon rate, % APR 10.50 Coupon payment dates Apr 02, 2001 Oct 02, 2001 ----------------------------------------------------------- ------------------ Floatation date Oct 02,2000 Payment date for floated bonds Oct 02,2000,16:00ALT Planned volume of floatation at face value 1,300,000.00 ----------------------------------------------------------- ------------------ Number of participants - KASE members 2 Total number of investors 3 Number of submitted bids 7 Volume of submitted bids in bonds 23,500 at face value, USD 2,350,000.00 amount raised, USD 2,336,694.30 amount raised, KZT 333,025,671.64 Demand to announced volume of floatation at face value, % 180.8 Bid prices excluding accumulated interest, % of face value: minimum 99.1930 maximum 99.4750 weighted average 99.4338 Weighted average at demand, % APR (annual / semiannual) 11.1138 / 11.4226 ----------------------------------------------------------- ------------------ Number of satisfied bids 1 Actual additional floatation volume: bonds 13,000 at face value, USD 1,300,000.00 amount raised, USD 1,293,175.00 amount raised, KZT 184,303,301.00 Floatation price excluding accumulated interest % of face value (USD per bond): minimum 99.4750 maximum 99.4750 weighted average 99.4750 ----------------------------------------------------------- ------------------ Yield to maturity, % APR, (semiannual, annual) minimal 11.0690 / 11.3753 maximal (cut) 11.0690 / 11.3753 weighted average 11.0690 / 11.3753 ------------------------------------------------------------------------------ These securities are paid and serviced in KZT at the weighted average exchange rate of KASE at the payment day. Considering the issue regulations of the issue, all calculations regarding the servicing the issue are made using 30/360 time base, accepted for processing of this auctions coupon bonds in KASE. Annual and semiannual yields of bonds at the auction are given for convenience. As the securities are denominated in USD, yield is shown in currency terms. In the total volume of bids, Pension Assets Management Companies (PAMC) controlled - 55.3%, broker-dealer companies - 38.3%, and brokers on behalf of clients - 6.4%. The final distribution of bonds after cut-off procedure: 100% - PAMC (only one bid of the single participant was satisfied). Supplementary information: The previous auction (Aug 24, 2000), was held on primary floatation of TEMIRBANK OJSC (KZ75KAMJ8A57, official list of KASE securities, category "A", trade code TEBNb, Aug 19, 2000 - Aug 19, 2005, $5.0 mln, semiannual coupon - 11.00% APR). At circulation period of 5 years (with annual option for bonds' holders) these bonds were floated at 11.30% APR (annual basis) and 11.00% APR (semiannual basis).