/KASE, June 7, 02 / - Kazakhstan Stock Exchange (KASE) informs that from
June 10 to July 01 of 2002 inclusive at KASE there will be held specialized
trades on primary floatation of second issue inscribed coupon indexed bonds
of Bank CenterCredit (Almaty) OJSC (KZ2CKY07A503; official list of the
KASE securities of category "A", CCBNb2; KZT1.5bn; KZT15,000, Apr 01,02
- Apr 01,09; semiannual coupon at 10.0% APR).
According to bonds issue terms, their par value is indexed at the change of
the exchange rate of Kazakhstan tenge to USD. Indexation mechanism is a
multiplication of par value of security by devaluation/revaluation temp ratio
(Kd), which is calculated as a ratio of current weighted average exchange
rate of USD (Xt) during day session of KASE on a deal making date to
analogous rate (Xo) on a date of circulation starting of bonds (Kd=Xt/Xo,
Хо=152.41); number of decimal figures and method of round-up of Kd is set
by internal documents of KASE.
Specialized trades will be held in the trade system of KASE in the form of
open trades by main method of the exchange. Difference of held floatation
from traditional trades at secondary exchange market is in that the bonds will
be offered only by the issuer's agent on floatation - KIB ASSET
MANAGEMENT Ltd LLP (Almaty) and the trades will be held without
levying commission fee of the exchange.
Bids to the trade system of the exchange for the bonds acquisition can be
submitted from 11:30AM to 5:00PM of Almaty time on working days. The
bonds purchased at the auction should be paid by the buyers until 4:00PM
Almaty time on date of deal making.
Bids for purchase of bonds should be submitted by brokers in net (without
accumulated interest) prices expressed in percents to indexed nominal price
with accuracy up to four decimals. At that a broker should take into
consideration that accumulated interest is counted on indexed par value of
a bond. Total indexed face value of the securities in tenge should
correspond to the quantity of financial instruments in the bid. The volume of
submitted bids at the auction will be determined as the product of the
quantity of financial instruments and the price with accumulated interest
divided by 100.
Bids can be submitted only by members of KASE of category "P" (right to
participate in trades in corporate securities, which are admitted to official
list of the Exchange). Investors may submit bids through these legal entities.
Complete list of KASE members holding category "P" is published on
(
http://www.kase.kz/kasemembers/) web site of the Exchange.
KASE draws an attention to the fact that pension assets management
companies can acquire the bonds at the expense of pension assets since
they are included into official list of the exchange securities under category
"A".
[2002-06-07]