Next additional floatation of municipal bonds of Atyrau oblast of the 4th issue has been recognized as unsuccessful because of full absence of demand

/KASE, July 24, 03/ - On July 24 of 2003 in KASE's trade system specialized trades on primary additional floatation of municipal indexed on tenge devaluation level bonds of Atyrau oblast of the fourth issue (KZЕ4KY050046, ART060.004; KZT100, KZT3.4 bn.; May 15, 03 - May 13, 08, semi-annual coupon 8.5% APR, actual/365), were held, at which the issuer planned to borrow KZT7.0 m. Subject of haggling was bonds' clean price (without accumulated interest), which was expressed as percentage towards indexed face value. Only limited bids were admitted to the specialized trades. After expiration of bids submitting time no order for bonds purchasing was fixed in KASE's trade system, that, in all probability, was concerned with small offer volume. Judging on results of the trades the additional floatation was recognized as failed because of demand absence. We're reminding that during primary floatation of the bonds, which was held at KASE on May 14 of this year, the issuer floated 23,530,000 bonds at the yield of 8.50% APR to the amount of KZT2,353,000,000.00 that was 69.2% of the planned issue volume. At the specialized trades on bonds' primary additional floatation, which were held at KASE on May 28, the issuer floated 1,040,000 bonds at the yield of 8.50% APR to the amount of KZT1,040,000,000.00 that was 30.6% of the planned issue volume. Total volume of bonds, which were offered at the specialized trades on May 14 and 28, equaled to KZT3,393,000,000.00 at the face value or 99.8% of the planned issue volume. Today the issuer wanted to float additionally the remaining part of securities at the trades. [2003-07-24]