/KASE, March 16, 07/ - Kazakhstan stock exchange (KASE) informs that on
March 20, 2007 the specialized trades for offering of KZPC1Y05C285
bonds (KASE's official "A" listing category, KAFIb1, KZT1,000, KZT5.0 bn.;
December 28, 06 - December 28, 11, semi-annual coupon, indexed on
inflation rate, for the first coupon period will be determined by results of the
specialized trades, 30/360) of KazAgroFinance JSC (Astana) will be held
on KASE.
The specified issue of bonds is the first within the frameworks of the first
bond program of KazAgroFinance JSC, registered by the Agency of the
Republic of Kazakhstan for regulation and supervision of the financial market
and financial organizations on October 12, 2006 for a total of KZT30.0 bn
under number C28, and the first issue of the company's domestic bonds,
which passed the listing procedure on KASE.
The issuer plans to offer bonds for the amount of face value KZT3.0 bn.
(100% of the registered volume of the issue).
The specialized trades will be held in the KASE's trade system from 11:30
a.m. till 1:00 p.m. of Almaty time (ALT). The code of a security is
KAFIb1A. The issuer should determine the cut off price till 3:00 ALT on the
trades holding day. The buyer of securities is obliged to secure transference
of money for purchased securities to KASE's correspondent account before
4:00 p.m. ALT on March 20, 2007 (T+0).
Limited and market bids are admitted to the trades, submitted by the closed
method. The stake of satisfaction of market bids equals to 30%.
Coupon rates on bonds, expressed in percent APR rounded off to two
decimal places, should be indicated as the price in the bid. Exactly this
indicator is the subject of trades.
The quantity of financial instruments in the bid must be equal to the total face
value of securities in Kazakhstan tenge, divisible by the face value of one
security.
The satisfaction method of limited bids for purchase is set by declared
price. The issuer will satisfy bids, prices of which are upper or equal to the
cut-off price. Concerning the last case, the priority will be given to bids,
submitted to the trading system of KASE earlier.
The satisfaction method of market bids for purchase is set by the weighted
average price of limited bids, prices in which are lower of equal to the
cut off price.
Bids can be submitted only by members of KASE of "P" category (the right to
participate in trades with non-corporate issue securities, included into the
official list of the stock exchange). Investors can submit bids through those
juridical entities. The full list if KASE's members of "P" category is published
on the web site of the stock exchange at
http://www.kase.kz/kasemembers/
More detailed information about the issuer and its securities is being
published at
http://www.kase.kz/emitters/kafi.asp
[2007-03-16]