HALYK SAVINGS BANK OF KAZAKHSTAN OJSC informed about ending of floatation of its subordinate bonds of the 3rd issue

/IRBIS, July 14, 03/ - HALYK SAVINGS BANK OF KAZAKHSTAN OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "А" listing category, has spread press-release, which contains information about results of floatation of the bank's subordinate bonds of the third issue (KZ2CKY06A760; KASE's official "А" listing category, HSBKb3; KZT4,500.0 m; KZT1; June 19, 03 - June 19, 09; semi-annual coupon 9.0% APR). According to the ban's information 21.11% of the registered issue volume were floated at specialized trades of KASE, 78.89% - by means of direct subscription for bonds. At the specialized trades of KASE, which were held on June 26 of 2003, the bank offered 1.5 bn. bonds. 5 KASE's members took part in the trades, which had submitted 6 limited bids from behalf of themselves and their clients for purchasing of 2,225,000,000 bonds for the total amount of KZT2,031,008,600.00. Thus, total demand at the trades was 148.3% of the announced floatation volume. Judging on results of the trade the bank satisfied 4 bids, which had been submitted by four investors for purchasing of 950 m. bonds at cut-off price, which provided for yield of bonds оto maturity for a purchaser at the rate of 9% APR on semi-annual basis. According to the issuer's information the whole remaining volume was floated by means of direct subscription for bonds within 12 working days. Floatation of the issue was finished on July 11 of 2003. Judging on results of the floatation second tier banks have bought 25.11% of the registered volume of bonds, pension funds - 67.11%, broker companies - 2.54%, insurance companies - 5.23%. Register of bondholders of HALYK SAVINGS BANK OF KAZAKHSTAN OJSC is maintained by independent registrar Fondoviy Center CJSC (Almaty). [2003-07-14]