Halyk Savings Bank of Kazakhstan JSC has fully floated bonds of the fourth emission

/KASE, July 5, 04/ - Halyk Savings Bank of Kazakhstan JSC (Almaty) officially informed Kazakhstan Stock Exchange's (KASE) that on July 1, 2004 the Bank completed primary public offering of its inflation indexed subordinate bonds 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). According to the information, the whole registered volume consisting of 5,000.0 m bonds was floated. By results of floatation 60% of holders are pension market entities, 40% - broker-dealer companies (as nominal holding). On July 1, 2004 the issuer floated at KASE 13% of registered volume. The issuer offered the whole registered volume and 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 is 102.3527% (8.00% APR). According to the issuer the rest volume of 87% was distributed by subscription at OTC market. Thus, weighted average yield to maturity of the offering equaled 8.04%. This is a second emission issued under framework of bonds emission program of the bank. It was registered by the National Bank on June 18, 2004. [2004-07-05]