Results of specialized trades on primary floatation of bonds of Halyk Bank of Kazakhstan OJSC of the 3rd issue

26.06.03 00:00
/KASE, June 26, 03/ - On June 26 of 2003 specialized trades on primary floatation of inscribed subordinate bonds of Halyk Bank of Kazakhstan OJSC (Almaty) of the third issue (KZ2CKY06A760, KASE's official "А" listing category, HSBKb3; KZT4,500.0 m., KZT1.0, June 19, 03 - June 19, 09, semi-annual coupon 9.0% APR) were held in Kazakhstan stock exchange's (KASE) trade system. The issuer offered 1.5 bn. bonds during the trades that was 30% of the registered issue volume. 5 KASE's members took part in the trades, which submitted 6 limited bids on behalf of themselves and on behalf of their clients for purchasing of 2,225,000,000 bonds to the total amount of KZT2,031,008,600.00. Thus, total demand at the trades was 148.3% of announced floatation volume. Bonds' clean prices in the submitted bids varied from 83.7000% (13.0035% APR) to 99.9963% (9.0000% APR. Weighted average demand price was 91.8129%, that corresponded to yield of bonds to maturity for a purchaser at the rate of 11.0081% APR on semi-annual basis. According to results of the trade the issuer has satisfied 4 bids, which were submitted by four investors, for purchasing of 950 m. bonds to the total amount of KZT951,627,350.00, cut-off price was 99.9963% of security's face value that corresponds to yield of bonds to maturity for a purchaser at the rate of 9.0000% APR on semi-annual basis (on annual basis - 9.2025% APR). According to results of the trades Halyk Bank of Kazakhstan OJSC has floated 63.3% of announced floatation volume or 21.1% of the registered issue volume. At this, 28.4% bonds were bought by pension assets of accumulative pension funds, 31.6% - by second tier banks, 40.0% - by broker-dealer companies for their clients. Trades were held in compliance with KASE's internal document "Rules of conducting specialized trades on floatation or purchase of securities" (http://www.kase.kz/geninfo/normbase/auction.asp) with satisfaction of non- cut-off limited bids at the stated price. Bids were submitted to KASE's trade system since 11:30 till 1:00 of Almaty time on June 26. All settlements concerning the trade are to be made before 16:00 of Almaty time on June 26 of 2003 (scheme T+0). [2003-06-26]