NC Food contract corporation JSC purchased its 300 bonds KZ2CKY05B091 (PRKRb1) at 7.97% APR at the specialized trades of KASE on February 28

/KASE, February 28, 08/ - Today the specialized trades on repurchase of bonds KZ2CKY05B091 (KASE's official "A" listing category, PRKRb1, KZT10,000; KZT3.0 bn.; May 17, 04 - May 17, 09; the annual coupon 8.00% APR; actual/actual) of National company Food contract corporation JSC (Astana) by their issuer were held in the trade system of Kazakhstan stock exchange (KASE). The issuer planned to repurchase 40,300 bonds, not repurchased at the previous specialized trades. The subject of trades was net price of bonds (without accumulated interest), expressed in percentage from the face value of a security. Bids to take part in the offering were submitted by the open method from 11:30 to 13:00 (ALT). The bids satisfaction method is based on cut-off price. Two members of KASE participated in trades, having submitted 3 bids for selling of whole announced volume of redeeming. Net price in bids varied from 100.0000% (7.97% APR) to 102.2574% (6.00% APR), making in average weighted expression 101.6671% (6.51% APR). In total volume of supply 99.3% (by amount of bonds) were controlled by bids of one of pension funds of Kazakhstan and 0.7% - by bid of broker-dealer company. By results of trades the issuers stated cut-off price at the level of 100.0000%, which corresponds to yield of bonds to maturity in size of 7.9731% APR and satisfied in full volume one bid for selling of 300 bonds for amount of KZT3,188,196.72. Whole volume of bonds, sold to issuer came to the stake of broker-dealer company. As a result of seven conducted effective trades, the issuer currently has purchased 86.7% of the registered issue volume. At that the issuer always cut off bids, prices in which were higher than bond face value. Let us remind that Food contract corporation JSC intends to purchase all bonds KZ2CKY05B091, which are in circulation. [2008-02-28]