On May 24 specialized trades on primary floatation of NAC Kazatomprom bonds of the first issue will be held

22.05.02 00:00
/KASE, May 22, 02/ - Kazakhstan Stock Exchange (KASE) informs that on May 24 of 2002 specialized trades on primary floatation of inscribed coupon indexed bonds of the National atomic company Kazatomprom CJSC (NAC Kazatomprom, Almaty) of the first issue (KZ2CKY05A523; KASE official "A" listing category KZAPb1; 2,3bn; 100 tenge; April 1, 02 - April 1, 07; semiannual coupon 8,5%APR) will be held. The issuer intends to float for the amount of face value at KZT300m (13.0% of the offered issue volume). According to the terms of the issue the bonds face value are indexed by devaluation rate (revaluation) of tenge to UA dollar (Kd) which is calculated as the ratio of the current dollar rate to tenge (Xt) determined at the morning trades of KASE to the corresponding rate (Xo) by the bonds day of circulation start (Kd=Xt/Xo, Хо=152.41); amount of signs after the dot and the method of rounding Kd is set by KASE internal documents. The specialized trades will be held at KASE trade system from 11:30AM till 2:00PM of Almaty time. Bids for the bonds purchasing should be submitted by brokers at clear (without cumulated interest) prices in percentage to the indexed face value of a security with accuracy up to four decimal figures. With all this going on the broker should take into account that accumulated interest amounts to the indexed face value of the bond. Amount of financial instruments in the bid should correspond to total indexed face value of securities evaluated in tenge. The volume of bid is estimated as the product of financial instruments amount and accumulated interest divided by 100. Limited (competitive) bids only are admitted to the trades. Bids at the trades will be satisfied by the issuer at one and the same price - cut- off price. All bids submitted at cut-off price or higher will be satisfied at cut-off price. The issuer may satisfy all or a part of bids whose prices equal to cut-off price, in this case bids will be satisfied in submitted order. The cut-off price is one ten thousandth of the price in the bid. Bonds that will be purchased at the specialized trades are to be paid before May 24 of 2002 4:00 PM of Almaty time. Applications for participation in the specialized trades can be submitted only by KASE members of "P" category (the right for participation in the trades on corporate issue securities admitted into exchange's official listing). Investors may submit bids through these juridical persons. Complete list of KASE members of "P" category has been published at exchange's site in Internet on http://www.kase.kz/kasemembers/. KASE emphasizes attention on the fact that the bonds may be purchased by pension assets management companies due to pension assets as securities are admitted into securities official "A" category listing. [2002-05-22]