November 6 special trading session to offer bonds KZ2C0Y10D695 (KZ2C00001519, SKENb1) of SevKazEnergo (Kazakhstan) announced failed

/KASE, November 6, 12/ - Kazakhstan Stock Exchange (KASE) informs that a special trading session for offering of bonds KZ2C0Y10D695 (KZ2C00001519, KASE official list, Rated Debt Securities category, SKENb1; KZT100, KZT8.0 bn; January 10, 2010 - January 10, 2020; semi-annual coupon 12.50 % APR; 30/360) of JSC "SevKazEnergo" (Petropavlovsk) was held today in KASE trading system. The declared volume of offering was 30,000,000 bonds KZ2C0Y10D695 (37.5 % of the total number of placed bonds of this issue). The trades' subject was the bonds' "net" price (excluding interest accrued) expressed in percentage of the security face value accurate within the fourth decimal. Orders were submitted by the closed method from 11:30 to 13:00 Almaty time (ALT). Only limited orders were accepted to trades. The method of purchasing orders satisfaction - at prices equal to the cut-off price or prices more favorable for the seller. The settlements scheme - Т+0. Five KASE members took part in the trading, submitting seven orders for purchase of 5,157,000 bonds. As at the moment of closing of the orders submission period all orders remained active. Thus, the bid at trades made 17.2 % of the ask. The "net" prices of the submitted orders varied from 102.5000 % (12.0 % APR) to 112.5554 % (10.0 % APR) making up on average 110.9567 % (10.3 % APR to maturity for a buyer). Due to an unfavorable price for the issuer the trading session was acknowledged and declared failed. [2012-11-06]