No deals were made during additional floatation of the 1st issue bonds of Food contract corporation JSC (Kazakhstan) at KASE

/KASE, June 25, 04/ - Today the next specialized trades on primary additional floatation of bonds of Food contract corporation JSC (Astana) of the first issue (KZ2CKY05B091, KASE's official "A" listing category, PRKRb1; KZT10,000, KZT3.0 bn.; May 17, 04 - May 17, 09, annual coupon 8.0% APR) were held in Kazakhstan stock exchange's (KASE) trade system. The issuer offered to participants 50,000 bonds that was 16.7% of the registered issue volume. One member of KASE - pension market's subject participated in the trades, he submitted one bid for purchase of 20,000 bonds for a total of KZT193,749,589.04 at 96.0200% of bond's face value that corresponds to the yield of 9.0286% APR. Thus, demand was 40.0% of announced floatation volume. According to issuer's information price conditions of demand was recognized as unsatisfactory, no deals were made. [2004-06-25]