/KASE, official press-release of the Exchange, Dec.12, 00/ - The Kazakhstan
Stock Exchange (KASE) informs that on December 15 the auction for
initial additional offering of VITA LLP (Almaty) second issue coupon
bonds (KZ2CKAPUBA19, official list of the KASE securities, category "B",
trade code VITAb2) for $150 th. will be held in the trade system of the
Exchange.
Additional offering will be held at the KASE on December 15 on following
conditions.
The additional offering amount equals one hundred fifty thousand U.S.
dollars at face value. The bids are to be made by the investors in the trade
system of the KASE from 11:30AM till 1:00PM Almaty time. The bids will be
made at "clean" price in percents of the face value, excluding accumulated
interest as of the auction date (accumulated interest on the offering date is
0.5445%). The number of bonds should be indicated as the nominal value
of the debt being purchased (product of the number of bonds and the face
value of one bond). The amount of the deal is determined at the auction as
the sum of "clean" price and accumulated interest, multiplied by the face
value of purchased bonds with further division by 100%. The securities
purchased at the auction should be paid by 4:00PM Almaty time on
December 15, 2000.
Existing KASE members holding "P" category (with the right to participate in
the securities trades that were entered into official list of the Exchange)
have the rights to participate at the auction. Complete list of these members
with their contact information is kept up-to-date on the KASE web site
(
http://www.kase.kz/KASEMembers/).
Coupon bonds of VITA LLP were entered into official list of the Exchange's
securities under category "B" on December 6, 2000. They are traded at the
KASE within an official list from December 7, 2000. The bonds are
denominated in U.S. dollars. Face value - $100.00. Total issue volume at
face value - $1.5 mln. The payments for the bonds are to be made in tenge
at the rate of the National Bank of Kazakhstan, effective on the payment
date.
Coupon is semiannual at 14% APR. Payment dates are June 1, 2001 and
December 1, 2001. Coupons are paid in the Kazakhstani tenges at the rate
of the National Bank of Kazakhstan, effective on the payment date. The
coupon is calculated using 360/30 time basis. Those, who bought the bonds
not later than 30 days before the payment date, are entitled to receive a
coupon.
Maturity date of the bonds is December 1, 2001. The bonds are repaid at
face value in tenge at the rate of the National Bank of Kazakhstan, effective
on the repayment date, by transferring the money to the accounts of the
bond holder, who were registered in the register 30 days prior to the
repayment of the bonds.
Following are special terms of the bond servicing. If the coupon payment
date or maturity date of the bonds happens to be a weekend (holiday), then
the payments to the bond holders will be made on the first business day. At
that, the bond holder has no rights to require the interest charges or any
other payments for such delays. None of the bond holders have the right to
have the bond be repaid ahead of schedule.
Issue terms do not provide for any lotteries. The funds raised by the issue of
bonds will be used to putting into operation the chemical refining and
deodorization of vegetable oil workshop (purchasing of raw materials,
increasing the number of workers, expanding the branch network and
creation of strong marketing support).
Market-maker of the VITA LLP bonds at the KASE is R.G. Securities LLP
(Almaty).