/REPETITION/ Halyk Finance and Alibi Securities provide additional information on placement of Corporation AIC-Invest bonds KZP01Y05D980, KZ2P00001548 (APKIb4) scheduled for August 12

10.08.11 15:03
/KASE, August 10, 11, August 8, 11 news repetition/ - Halyk Finance, a 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 programme 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 programme with the following parameters: - bonds type: bonds of the first issue under the second bond programme are unsecured coupon bonds; - issue volume: the volume of the first bonds issue under the second bond programme makes up KZT10 bn. The total volume of the bond programme is equal to KZT50bn; - interest rate: the interest rate on the first bonds issue under the second bond programme 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 programme 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 [2011-08-10]