/KASE, July 16, 01, official press-release of the Exchange is being
redistributed due to mistake in seventh paragraph - bonds can not be
purchased by PAMC/ - From July 17 through 20, 2001 initial additional
offering auction of Kazakhstan Temir Joly NSE (Astana) second issue bonds
(KZ2EUY03A368; official list of KASE securities under category "A",
TMJLb2, $100, $30m, July 10.01 - July 10.04, semiannual coupon at 8.0%
APR) will be held at the Kazakhstan Stock Exchange (KASE).
The auction will be held in the trade system of the KASE on the basis of
open trades using the main trade mode of the KASE - uninterrupted
counter auction mode. The distinctive feature of this additional offering from
regular trades on secondary market is that the bonds will be offered only by
the underwriter of the issuer - Fondovyi servis CJSC (Almaty), and the
trades will be held without collecting commission by the Exchange.
The bids should be made in the trade system of the Exchange from
11:30AM till 7:00PM Almaty time, on July 20 - from 11:30AM till 3:00PM.
The payments for the bonds purchased at additional offering should be
made by the buyers till 4:00PM Almaty time on July 20, 2001.
Accumulated interest on the payment date is 0.222222% of the bond face
value.
The bonds purchased at additionla offering shold be paid for in an equivalent
of the volume of satisfied bids in tenges at official KZT/USD rate of July 19,
2001.
The bids can be made only by the members of the KASE holidng "P"
category (right to participate in the trades in corporate securities admitted to
the official list of the Exchange). Investors can make bids through these legal
entities.
Complete list of the KASE members in category "P" can be found at the
Exchange's web site (
http://www.kase.kz/eng/kasemembers/).
KASE emphasizes that the bonds can be purchased by Pension Assets
Management Companies using the pension assets, since they are admitted
to the official list of the Exchange under category "A".
The auction for offering of the Kazakhstan Temir Joly NSE second issue
inscribed bonds was held on July 12. Whole issue volume at $30m, at face
value, was placed at the auction. By the results of the auction, the issuer cut-
off the bids at clean price of 97.4275% of the face value, which corresponds
to 8.9994% APR on a semiannual basis. At this price four bids have been
satisfied submitted from 3 members of the Exchange to buy 95,300 bonds
for a total of $9,291,194.09. By the results of the auction, 31.8% of total
issue has been placed. Actual volume of funds raised equaled
KZT1,363,018,172.02. It is said that 82.9% of the bonds has been purchased
by using pension assets, 0.3% - by brokerage-dealing companies, 16.8% -
by brokers' clients.
As a result of additional offering of TMJLb2, which was held by the
underwriter of the issuer in the trade system of the KASE on July 12 and 13,
three deals were made for $296,382.27 (3,040 bonds). All deals have been
made at clean price of 97.4275%, which corresponds to 8.9994% APR on a
semiannual basis.