At primary additional floatation of first issue bonds of Food contract corporation JSC (Kazakhstan) no bids recorded

/KASE, May 31, 04/ - Today in trade system of Kazakhstan Stock Exchange (KASE) specialized trades on primary additional floatation of bonds by Food contrat corporation JSC (Astana) of the first issue (KZ2CKY05B091, official "A" listing of KASE, PRKRb1; KZT10,000, KZT3.0 bn; May 17, 04 - May 17, 09, coupon of 8.0%APR) were held. The issuer offered 298,702 bonds. After deadline set for bids submission passed, demand was absent. Trades were found to be of no effect. On May 27, Thursday total bids submitted comprised only 40.2% of the volume that the Company planned to issue, while weighted average yield totaled 8.93% APR. On May 28, Friday demand fell down to 21.8% of announced volume with weighted average yield of 9.18%APR. Specialized trades will be continued on working days from May 28 to June 4 of 2004 in trade system of KASE from 11:30 a.m. to 2:00 p.m. of Almaty time under T+0 settlement convention. [2004-05-31]