Kazakhstan Mortgage Company JSC offered 75.0 m. of KZPC3Y01B548 (KZIKb15) bonds under 7.00 - 7.75% APR on KASE on March 15

/KASE, March 15, 07/ - On March 15 of 2007 in Kazakhstan stock exchange's (KASE) trade system specialized trades on offering of KZPC3Y01B548 issue mortgage bonds of Kazakhstan Mortgage Company JSC (Almaty) (KASE's official "А" listing category, KZIKb15, KZT1, KZT5.0 bn.; January 15, 07 - January 15, 08) were held. This issue of securities is the third within the frameworks of the second bond program of the company, registered by Agency of the Republic of Kazakhstan for regulation and supervision of the financial market and financial organizations on March 30 of 2005 to the sum of KZT20.0 bn., and the fifteenth issue of bonds of the company, having passed through listing procedure on KASE. The issuer was planning to offer 40% of registered volume of issue - 2.0 bn. bonds at the trades. The subject of the trades was the price of a bond, expressed in percentage from face value of a security with accuracy 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 bids were accepted at the trades. The stake of satisfied bids was 50%. Method of limited bids satisfying was through price claimed, of market bids - through weighted average. Minimum lot was 1,000 bonds. 2 members of KASE took part in trades, who had submitted 4 limited bids. 3 orders for purchasing of 75.0 m. bonds by one of the subjects of the pension market were admitted by the moment on the expiry of time for bids submission in KASE's trade system. The price of bids submitted for consideration and accepted by the issuer was varying from 93.8991% (7.75% APR) to 94.4568% (7.00% APR), having made in weighted average expression 94.1715% (7.38% APR). On trades results the issuer set cut off price at the rate of 93.8991% that responded to the yield of bonds to maturity for a buyer at the rate of 7.75% APR, and satisfied all bids to full extent. The sum of borrowing at that made KZT70,628,625.00, and the issuer offered 3.8% from the planned volume at trades. [2007-03-15]