Results of special trades on primary public offering of Astana-finance OJSC second issue bonds

/KASE, May 14, 02, On May 14, 2002 special trades on initial public offering of Astana-finance OJSC (Astana) second issue bonds were held in the trade system of the Kazakhstan Stock Exchange (KASE). The bonds were admitted into the official list of KASE securities under category "A" on April 1, 2002. Based on the issue terms of the bonds, their face value is indexed towards KZT/USD rate of the Exchange. The trades were held over the "clean" price of the bonds (excluding accumulated interest), expressed in percents of the indexed face value of the securities. The bids were satisfied at the trades by the issuer at a single price - cut-off price. Following are the issue parameters and complete results of the offering. ISSUE PARAMETERS -------------------------------------------------- --------------------------------- Type of the securities: indexed inscribed coupon bonds Type of debt: senior unsecured Issue currency: Kazakhstani tenge (KZT) Servicing currency: Kazakhstani tenge (KZT) National identification number: KZ2CKY03A510 KASE trade code: ASFIb2 Face value in issue currency: 100.00 Issue volume in issue currency: 4,500,000,000 Circulation starts on (issue date): Apr 1.02 Floatation term: 3 years from the circulation starting date Circulation term: 3 years Maturity date: Apr 1.05 Interest rate 9,0% APR of indexed face value Interest rate payment dates: each year on October 1 and April 1 Time basis for all settlements: 30/360 Register fixing term for coupons: 30 days to payment date Register fixing term for maturity: 30 days to maturity date Financial consultants of the issuer: Fondovyi service CJSC (Almaty) -------------------------------------------------- --------------------------------- PARAMETERS OF TRADES -------------------------------------------------- --------------------------------- Trading date: May 14, 2002, 11:30AM - 3:00PM ALT Satisfaction share of market bids: 70% of actually satisfied bids Payment date for purchased bonds: May 17, 2002, 4:00PM ALT Exchange rate on floatation date: KZT152.94 for $1 Exchange rate on issue date: KZT152.41 for $1 Indexation coefficient of face value on floatation date: 1.003477462 Accumulated interest on floatation date: 1.1500% of indexed face value -------------------------------------------------- ---------------------------------- DEMAND PARAMETERS -------------------------------------------------- ---------------------------------- Number of submitted bids: 2 Volume of submitted bids: securities 1,950,000 in tenge at face value 195,000,000.00 in tenge discounted 188,692,396.75 Bid price (yield at semiannual basis): min 95.2800%,(10.95%,APR) max 95.2800%,(10.95%,APR) WA 95.2800%,(10.95%,APR) -------------------------------------------------- ----------------------------------- FLOATATION RESULTS -------------------------------------------------- ----------------------------------- Volume of satisfied bids: securities 1,950,000 in tenge at face value (floatation volume) 195,000,000,00 in tenge discounted (borrowing volume) 188,692,396,75 Cut-off price: 95.2800% Yield to maturity for buyer: 10.9500%,APR,(semiannual basis) Effective yield: 11.2498%,APR,(annual basis) --------------------------------------------------------------------------------------- By results of the offering issuer satisfied demand totally. All bonds will be purchased (trades settlements will be made on May 17) by pension assets management companies at the expense of pension funds assets. Other categories of investors did not take part in the offering. [2002-05-14]