/KASE, June 25, 03/ - Kazakhstan stock exchange (KASE) notifies that on
June 26 of 2003 specialized trades on primary floatation of subordinate
bonds of Halyk Bank of Kazakhstan OJSC (Almaty) of the third issue
(KZ2CKY06A760; KASE's official "А" listing category, KZT4,500.0 m., KZT1,
semi-annual coupon 9.0% APR; 30/360).
The issuer plans to offer during the trades 1.5 bn. bonds, that is 30% of the
registered issue volume.
The specialized trades will be held in the KASE's trade system since 11:30
a.m. till 1:00 p.m. of Almaty time. Bond, which will be purchased at the
trades, will be to be paid for by purchasers before 4:00 p.m. of Almaty
time on June 26 of 2003.
Only limited (competitive in GS market's terminology) bids are admitted to
the trades. Market (non-competitive) bids are not examined by the issuer.
The "clean" price of bonds (without accumulated interest), which is
expressed as percentage to security's face value with accuracy of four
decimal figures, is to be shown in bid as the price.
Total face value of securities in Kazakhstan tenge, which is divisible by one
bond's face value, is to be given in bid as the number of financial
instruments.
Volume of submitted bid is determined as the product of the number of
financial instruments and price taking into account accumulated interest,
divided into 100%. Accumulated interest should be taken into account by
participants on the date of bonds payment, and is equal to 0.175% of
security's face value.
Method of satisfying of bids for purchase - at the stated price. The issuer
will satisfy all bids, prices in which will be higher than cut-off price, and
also all or a part of bids, prices in which turn out to be equal to cut-off
price. In the latter case, bids, which will be submitted to KASE's trade system
earlier, will be given preference to. Step while determination of cut-off price
- one ten thousandth of the price.
Bids can be submitted only by KASE's members of "Р" category (the right to
participate in trades in corporate securities, which have been included into
the stock exchange's official list). Investors may submit bids with the help of
these juridical persons. Full list of KASE's members of "Р" category has
been published in the stock exchange's web-site in the Internet in
http://www.kase.kz/kasemembers/.
The floated bonds may be purchased at the expense of Kazakhstan
accumulative pension funds' assets as included into KASE's official "А"
listing category.
[2003-06-25]