Kazakhstan Mortgage Company JSC offered 527,710.0 th. of its KZPC2Y05B145 (KZIKb10) bonds at 8.60% APR on KASE on August 1
01.08.07 19:33
/KASE, August 1, 07/ - On August 1, 2007 in Kazakhstan stock exchange's
(KASE) trading system the specialized trades for additional placement of
KZPC2Y05B145 mortgage bonds (KASE's official "А" listing category,
KZIKb10, KZT1, KZT5.0 bn.; March 1, 05 - March 1, 10, semi-annual
coupon 5.69% APR, 30/360) of Kazakhstan Mortgage Company JSC
(Almaty) were held.
The issuer planned to offer 527,710.0 th. bonds (10.6% registered volume
of the issue).
The subject of trading was the price of a bond, expressed in percentage
from face value of security to the fourth figure after comma, deducting the
accumulated interest. 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 bids' market satisfying stake was 50%. Method
of bids satisfying for purchase was as follows: for limited - by declared price,
market - by weighted average price of non-cut-off limited bids. Payment
scheme was T+0.
Two members of KASE took part in trades - that submitted two limited bid
for purchase of 627,710.0 th. bonds at net price of 88.7315% (10.80%
APR) and 93.3768% (8.60% APR). Thus, demand at trades exceeded
18.9% of the declared volume of additional offering.
By results of trades the issuer fully satisfied one bid for the whole
volume of bonds declared to be offered at the price of 93,3768%.
Borrowing amount totaled KZT505,269,835.86. Bonds were purchased by
one of the Kazakhstan banks.
According to data of the Central depository of securities JSC (Almaty) this
deal had been executed by the moment of publication of this information.
[2007-08-01]