Food Contract Corporation JSC floated 34,640 bonds at 8.00% APR

/KASE, July 7, 04/ - Today, KASE held consecutive dedicated trades - additional public offering of bonds of Food Contract Corporation JSC (KZ2CKY05B091, official "A" listing of KASE, PRKRb1; KZT10,000, KZT3.0 bn; May 17, 04 - May 17, 09, semiannual coupon - 8.0%APR). Bonds were floated at net price (without accumulated interest) expressed in percent to face value with four decimal points quotation accuracy (T+) settlement term). This time the issuer offered 45,300 bonds or 15.1% of registered emission volume. A single KASE member - broker dealer company, participated in the trades. It submitted bids for 54,700 bonds for a total 544,322,033.71 tenge. Thus demand equaled 120.75% of announced offering volume. Net prices of two bids equaled 99.9464%, third one - 99.000% or 8.00% APR and 9.04% APR of yield correspondingly. By results of trades the issuer satisfied two bids for 34,640 bonds in amount of KZT 350,086,417.27 at a price of 99.9464% or 8.00% yield for buyer. 85.7% of the volume was purchased using pension assets of accumulative pension funds and 14.3% by clients of broker companies. The specialized offering of bonds of Food Contract Corporation JSC will have been continued in the same mode by July 09, 2004. [2004-07-07]