BTA Ipoteka JSC (Kazakhstan) about full floatation of its 2nd bond issue

/KASE, November 11, 04/ - BTA Ipoteka JSC (Almaty), whose bonds are traded in Kazakhstan stock exchange's (KASE) official "B" listing category, has informed KASE about ending of primary floatation of its second issue bonds secured by the pawn of demand rights on mortgage borrowing agreements (KZ2CKY10B257; BTAIb2; KZT1, KZT1,500.0 m.; October 21, 04 - October 21, 14, semi-annul coupon indexed on inflation rate, 9.00% APR for the first coupon period, 30/360). As the issuer's message says the bonds have been floated entirely. We're reminding that 10% of these securities registered issue volume were floated at specialized trades of KASE on October 22. Then the issuer offered 150 m. bonds and satisfied 4 bids for purchasing the whole offered volume for a total of KZT150,036,685.22. Bids were satisfied at clean price of 99.9995% of bond's face value that corresponded to yield of bonds to maturity for a purchaser at the rate of 9.00% APR. The message says that on the same day by subscription the issuer floated these securities for a total of KZT1.088 bn. Thus, only on October 22 BTA Ipoteka JSC sold at the primary market 82.5% of its instruments of the second issue. Following sales let the issuer finish primary floatation in full volume on November 9 of 2004. [2004-11-11]