/KASE, July 9, 04/ - Kazakhstan stock exchange (KASE) notifies that since
June 12 till July 16 of 2004 specialized trades on primary additional
floatation of bonds of Food contract corporation JSC (Astana) of the first
issue (KZ2CKY05B091; official "A" listing, PRKRb1; KZT10,000, KZT3.0 bn.;
May 17, 04 - May 17, 09; annual coupon, 8.0% APR, actual/actual) will be
continued at KASE.
The issuer plans to offer on each day 30,000 bonds.
The specialized trades will be held in KASE's trade system from 11.30 a.m.
to 2.00 p.m. of Almaty time (ALT). The issuer will decide on cut off point
before 3:00 p.m. of Almaty time on the day of trades holding. Bonds
purchased at the trades are to be paid by purchasers before 4:00 p.m. on
deals making day (T+0).
Bonds' "clean" price (without accumulated interest) expressed as percentage
to security's face value with the accuracy of four decimal figures is to be
shown in bid as the price.
Total face value of the securities in Kazakhstan tenge divisible by one bond's
face value is to be shown in bid as the number of financial instruments.
The volume of the bid is determined as the product of number of financial
instruments and the price taking into account accumulated interest divided
by 100%. When calculating accumulated interest, investor has to include
days actually passed at payment date.
Method of bids satisfaction for purchase is at stated price. The issuer will
satisfy all, or only part of, bids, prices in which will be higher or equal to
cut- off price. In the latter case bids submitted to KASE's trade system
earlier will be preferred.
Bids can be submitted only by KASE's members of "Р" category (the right to
participate in trades in corporate securities, which have been included into
the stock exchange's official list). Investors may submit their bids through
these juridical persons. Full list of KASE's members of "Р" category has
been published in the stock exchange's web-site at
http://www.kase.kz/kasemembers/.
The floated bonds may be purchased at the expense of Kazakhstan accumulative
pension funds' assets as included in KASE's official "А" listing category.
Food contracted corporation JSC has already offered at KASE's specialized
trades 82,298 bonds for a total of 830,985,785.44 (27.43% of the registered
issue volume). All bonds have been sold with the yield of 8.00% APR to
maturity for purchaser.
[2004-07-09]