Cut-off price at Kazakhstan Temir Joly NSE bonds offering - 97.4275% (8.9994% APR)

/IRBIS, July 12, 01/ - Today the auction for offering of second issue inscribed coupon bonds of Kazakhstan Temir Joly NSE (Astana; KZ2EUY03A368, $100, $30m, July 10.01 - July 10.04, semiannual coupon at 8.0% APR) was held in the trade system of the Kazakhstan Stock Exchange (KASE). By the results of the auction, issuer cut-off the bonds at 97.4275% of the face value, excluding the accumulated interest, which corresponds to 8.9994% APR on a semiannual basis. Volume of satisfied bids equaled $9,291,194.09, while announced issue volume was at $30.0m. The additional offering of the bonds in the trade system of the KASE, by using the main trade mode (uninterrupted counter auction mode) will open today at 3:00PM Almaty time. From this time the traders can buy the bonds as if they did it on secondary market. Additional information will be provided about the terms of additional offering. Complete results of the auction and demand parameters will be published today.