On August 25 Central Asia Cement JSC offered 1,905 m. KZ2C0Y05C168 (ALMXb1) issue bonds on KASE under 8.00% APR
25.08.06 21:59
/KASE, August 25, 06/ - On August 25, 2006 the specialized trades on
offering of KZ2C0Y05C168 issue bonds of Holding Group ALMEX JSC
(Almaty) (KASE's official securities list of "A" category, ALMXb1; KZT1,
KZT8.0 bn.; August 22, 06 - August 22, 11; annual coupon, 8.00% APR;
30/360) in Kazakhstan stock exchange's (KASE) trade system has taken
place.
The issuer was planning to offer 4.0 bn. bonds of the issue (50% of the
registered issue volume).
The subject of trading was net price of bonds (without accumulated interest),
expressed in percentage from face value of the security to the fourth figure
after comma. Bids for participation in offering were submitted by close
method from 11:30 a.m till 13:00 p.m. (ALT). Only limited market bids were
accepted on the trades. Method of bid satisfaction for purchase - at clamed
price. The issuer satisfied the bids, in which prices were higher or equal to
the cut-off price. In the latter case, the preference was given to bids, having
submitted to the trade system of KASE earlier. Scheme of computations -
T+0.
3 members of KASE, who had submitted 3 limited bids for purchase of
1,905,000,000 bonds, took part in trades. To the moment of bids submitting
period expiration, all orders were active. Thus, demand at trades made
47.6% from the announced volume for the offering. Net price in submitted
bids was 99.9975% (8.00% APR to maturity for purchaser). In total volume
of demand 99.7% was controlled by bids of the pension funds of
Kazakhstan, 0.3% - by bids of Broker-dealer Company.
By results of the trade the issuer set the cut off price at the rate of
99.9975%, which corresponds to the yield of bonds to maturity for a buyer at
the rate of 8.00% APR, and at this price fully satisfied the whole demand.
The sum of borrowing at that totaled KZT1,906,222,375.00, and the issuer
offered 47.6% from the planned volume of the issue.
It is worthy of reminding that the specialized trades on offering of the
mentioned bonds will be carried on by the previous terms on August 28.
Resulting from the notification of the issue, the planned volume of the
offering on August 28 summed with totals of august 24 will make 2,095 m. -
the number, which was not offered at this trades.
[2006-08-25]