Food Contract Corporation JSC floated 10,660 bonds at 8.00% APR

/KASE, July 8, 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 10,660 bonds or 3.6% of registered emission volume. A single KASE member - broker dealer company, participated in the trades. It submitted a single bid for 15,000 bonds for a total KZT 151,619,589.04 at price of 99.9400% or 8.00% yield. Thus demand equaled 140.71% of announced offering volume. By results of trades the issuer satisfied a bid for 10,660 bonds at a price of 99.9400% (8.00% yield to maturity for buyer) for a total of KZT 107,750,987.94. In total Food Contract Corporation floated 82,298 bonds for KZT 830,985,785.44 (27.43% of registered emission). All bonds floated at 8.00% APR yield to maturity. [2004-07-08]