June 21 special trading session for offering of bonds KZP01Y07D887 (KZ2C00001766, LARIb2) of AsiaCredit Bank (Kazakhstan) declared failed

/KASE, June 21, 13/ – A special trading session for offering bonds KZP01Y07D887 (KZ2C00001766; KASE official list, Rated Debt Securities category, LARIb1; KZT1, KZT10.0 bn; July 16, 2012 – July 16, 2019, semi-annual coupon 8.00 % APR, 30/360) of JSC "AsiaCredit Bank" (Almaty) was held in KASE trading system today. The declared volume of offering was equal to 1,750,000,000 bonds KZP01Y07D887 (17.5 % from the total number of registered bonds). As the price an order would indicate the bonds' "net" price (excluding interest accrued) expressed as percentage of the security face value accurate within the fourth decimal. Orders for participation in the placement were submitted by the closed method from 11:30 to 15:00 o'clock (Amaty time). The method of acceptance of orders for purchase – at the cut-off price. Only limited orders were accepted. Settlements scheme – Т+0. Two KASE members – brokerage companies took part in the trading submitting two orders for purchase of 2,400,000 bonds on behalf of their clients. Both orders remained active at the end of order submission period. Thus, the bid made up less than one percent of the ask. The "net" prices in active orders were at levels 95.3902 % (9.00 % p.a.) and 97.8871 % (8.45 % p.a.), making up weighted average 97.3669 % (8.5631 % p.a. to maturity for buyer). Having considered the combined summary of orders submitted, the seller declared this special trading session failed due to the unfavorable price of orders submitted. A repeated special trading session on June 28, 2013 for offering of these bonds on similar terms was announced. [2013-06-21]