Halyk Savings Bank of Kazakhstan JSC floated 650 m bonds of the fourth emission at 7.80-8.00% APR

/KASE, July 1, 04/ - Today, Kazakhstan Stock Exchange's (KASE) held specialized primary offering of inflation indexed subordinate bonds of Halyk Savings Bank of Kazakhstan JSC (Almaty) of the fourth emission (KZPC2Y06B192; KZT 1.0, KZT 5,000.0 m.; June 28, 04 - June 28, 10, floating semi-annual coupon 8.5% APR for the first coupon period, 30/360). This is a second emission issued under framework of bonds emission program of the bank and registered by Agency for regulation and supervision of financial market and financial organizations (AFN). Bonds were stated at clean prices (without accumulated interest), expressed as the percentage of nominal value up to four decimals. Securities are to be paid immediately according to T+0 settlement convention. The issuer offered the whole registered volume of bonds. A total of 2 KASE members submitted 3 bids on their own and on behalf of clients for 659,700,000 bonds or a total of KZT 675,684,670.80. Total demand equaled 13.2% out of announced offering volume. Clean prices stated in bids varied from 102.3424% (8.00% APR) to 103.2990% (7.80%). Weighted average stated price of bids totaled 102.3523% yielding 8.00% APR on semiannual basis. Local pension funds submitted 98.5% of bids, clients of brokerage firms - 1.5%. The issuer satisfied 2 bids submitted by two KASE members for the purchase of 650 million bonds for a total amount of KZT 665,750,587.17 at 102.3424% and 103.2990% of the face value. The corresponding yields are 8.00% APR and 7.80% at semiannual basis. The weighted average price - 102.3527% (8.00% APR). 98.96% of bonds were purchased using pension assets and 1.04% by clients of brokerage companies. Total offering volume did not exceed 13% of registered emission volume. Bonds are already traded at the secondary market. [2004-07-01]