KazAgroFinance JSC (Kazakhstan) offered 247,571 bonds KZPC1Y05C285 (KAFIb1) under 8.25 - 8.50% APR on KASE on March 20

/KASE, March 20, 07/ - On March 20, 2007 in Kazakhstan stock exchange's (KASE) trade system specialized trades on offering of KZPC1Y05C285 bonds (KASE's official "А" listing category, KAFIb1, KZT1,000, KZT3.0 bn.; December 28, 06 - December 28, 11, semi-annual coupon, indexed on inflation rate, 30/360) of KazAgroFinance JSC (Astana) were held. This issue of bonds is the first within 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 C28 number, and the first issue of the company's domestic bonds, which have passed the listing procedure on KASE. The issuer offered all 3.0 m. bonds, registered within the frameworks of the given issue. The subject of the trades was the value of the coupon rate on bonds for the first coupon period, expressed in percentage APR rounded to two decimal places, which was specified by participants in bids as the price and was perceived by the issuer as the coupon rate and as the yield to maturity for a buyer of bonds. Bids for participation in the offering were submitted by closed method from 11:30 a.m till 1:00 p.m. (ALT). Only limited and market bids were admitted at the trades. Method of satisfying limited bids was according to the price claimed. Method of satisfying market bids - according to the weighted average price of non-cut-off limited bids. 3 members of KASE took part in trades, who had submitted 28 bids. 27 orders for purchase of 1,192,030 bonds were left by the moment of time expiry of submission of bids in he trading system of KASE. Thus, demand at trades totaled 39.7% of the offered volume. Rate in submitted bids varied from 8.25% to 9.20% APR, having totaled in the weighted average expression 8.84% APR. In the total demand volume 73.0% (by number of bonds) was controlled by bids of subjects of the pension market of Kazakhstan, 16.8% - by bids of a Kazakhstan bank and 10.2% by bids of clients of broker-dealer companies. By results of trades the issuer set cut off price at the rate of 8.50% APR, having thereby determined the payment on bonds in the first coupon period. Taking this value as the yield to maturity of bonds, the cut-off price at the specialized trades without accumulated interest determined at the level of 99.9781% of the bond's face value. According to results of the trade the issuer satisfied seven bonds, submitted by two members of KASE, for purchase of 247,571 bonds for an amount of attraction of KZT253,696,623.46, having thus offered 8.25% of the planned volume. The minimum net offering price totaled 99.9781% (8.50% APR), maximum - 100.9487% (8.25% APR), the weighted average - 100.5397% (8.36% APR). By results of the trade 70.4% of bonds were purchased by one of Kazakhstani banks and 29.6% by clients of a broker-dealer company. All deals were executed. [2007-03-20]