Demand exceeded supply 2.1 times as much at the special trades on floatation of East-Kazakhstan oblast bonds of the third issue

/IRBIS, July 24, 02/ - On July 24 at the special trades on primary floatation of East-Kazakhstan oblast municipal coupon indexed bonds of the third issue (KZF2KY070035, VKU084.003; KZT15,370; KZT2,000.0m; July 26, 02 - July 23, 09), which were held at Kazakhstan stock exchange (KASE), demand exceeded supply 1.98 times as much. The bonds were floated by the issuer at face value (KZT15,370 or USD100 at the rate of exchange of the National Bank of Kazakhstan on primary floatation date). The subject of the trade was fixed coupon rate, which will be paid by the issuer twice a year in accordance with time basis actual/365. A total of 4 demands were submitted at the trades from 2 KASE members in the total amount of KZT613,300,000.00 with announced floatation volume of KZT310.0m. Value of the rate varied in the submitted bids from 9.00% to 9.80%APR and in the weighted average expression on the whole demand equaled to 9.6452%APR. Out of the whole volume of demand 99.46% in volume terms fall to the share of Kazakhstan commercial banks, 0.54% - to the share of broker-dealer firms. Investors of other categories did not take part in the floatation. The list of the submitted demands has been given to the issuer for conducting the procedure of cutting off. [2002-07-24]