/KASE, March 29, 07/ - Kazakhstan stock exchange (KASE) informs that on
April 2, 2007 the specialized trades for offering of KZ2CKY10B315
mortgage bonds (KASE's official "A" listing category, KZIKb8, KZT1,
KZT5.0 bn.; October 1, 04 - October 1, 14, semi-annual coupon, indexed on
inflation rate, 8.60% APR for the current coupon period, 30/360) of
Kazakhstan Mortgage Company JSC (Almaty) will be held on KASE.
The issuer plans to offer bonds for the amount of total face value KZT3.0 bn.
(60% 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 code of the security at trades is KZIKb8. 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 5:00 p.m. ALT on April
2, 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 50%.
The net price of bonds (deducting accumulated interests), expressed in
percent APR rounded off to four 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 minimal lot at trades has been set in the amount of 1,000 bonds.
Volume of a bid must be equal to production of the quantity of financial
instruments and the price taking into account the accumulated interest,
divisible by 100.
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.
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/kzik.asp
[2007-03-29]