/REPETITION/ Halyk Finance and Alibi Securities provide additional information on placement of Corporation AIC-Invest bonds KZP01Y05D980, KZ2P00001548 (APKIb4) scheduled for August 12
09.08.11 11:40
/KASE, August 9, 11, August 8, 11 news repetition/ - Halyk Finance, subsidiary
of Halyk Bank of Kazakhstan (Almaty, in the heading - Halyk Finance) and
Alibi Securities (Almaty), members of the stock market of Kazakhstan Stock
Exchange (KASE), have provided to KASE the following joint press-release:
quote
Herewith, Halyk Finance and Alibi Securities, which are joint financial
advisors and underwriters for the first bonds issue under the second bond
program of the limited liability partnership "Corporation AIC-Invest"
(hereinafter - the Issuer), announce that for completing the primary
placement of the mentioned issue a special trading session for placement
of 665,916 bonds of the said issue is scheduled for August 12, 2011.
The indicative level of the cut-off price as a result of the special
trading session is expected to be equivalent to the yield-to-maturity
ratio for these bonds at 10% APR.
This bond issue is included into the Rated Debt Securities category (highest
ranking) of KASE official list's Debt Securities sector, effective may 30,
2011.
The mentioned bonds issue has been rated at "ВВВ2" (debt liabilities) and "P2",
outlook Stable (short-term rating) by the Rating Agency of the Regional
Financial Centre of Almaty.
The issuer is a major grain trader in Kazakhstan. According to the issuer's
estimates, his share in Kazakhstan's total grain export made 35% in 2010. The
issuer's significant advantage is availability of Azov port elevator (Russia)
and Ventspils grain terminal (Latvia) in his portfolio, which provides
effective export- import logistics for the Issuer and full access to
export markets.
In order to implement his strategic development tasks, the Issuer has carried
out the first bond issue under his second bond program with the following
parameters:
- bonds type: bonds of the first issue under the second bond program are
unsecured coupon bonds;
- issue volume: the volume of the first bonds issue under the second bond
program makes up KZT10 bn. The total volume of the bond program is equal
to KZT50bn;
- interest rate: the interest rate on the first bonds issue under the second
bond program is fixed for the entire period of their circulation and equals
to 10% APR;
- interest payment periodicity: interest payments are carried out in KZT twice
a year upon expiry of every 6 months since the circulation start until the
maturity date;
- circulation term: the circulation term for the first bonds issue under the
second bond program makes up 5 years after the circulation start. The
circulation start date is May 30, 2011.
Pension funds, insurance companies and brokerage and dealing institutions are
considered as investors with regard to the mentioned bonds issues.
unquote
[2011-08-09]