Eurasian bank JSC (Kazakhstan) has floated at the specialized trades of KASE bonds of the 2nd issue in full volume at 6.00 APR

/KASE, December 14, 03/ - On December 13 and 14 of 20034 in Kazakhstan stock exchange's (KASE) specialized trade system trades on primary floatation of subordinate bonds of Eurasian bank JSC (Almaty) of the second issue (KZ2CKY07B360; official "A" listing category, EUBNb2, KZT100, KZT3,000.0 m.; December 10, 04 - December 10, 11, floating semi-annual coupon, 6.0% APR, in the first year of circulation, 30/360) were held. The issuer offered to market participants the whole volume of registered securities. The subject of trade was "clean price" of bonds (without accumulated interest). Bids for participation in floatation were accepted from 11:30 to 13:00 of Almaty time (ALT) on December 13 and 14. For trades only limited bids were accepted. Demand cutting off the issuer fulfilled on December 14. Satisfaction of non-cut off bids was carried out by cut-off price. A total of 2 KASE's members took part in the trades, they submitted 6 bids on behalf of themselves and their clients. By the moment of ending of the time for bids presenting there were 5 orders in the trade system for purchasing of 30,580,000,000 bonds. In total demand volume 98.0% were controlled by bids of brokerage-dealers companies' clients, 1.9% - by bids of pension funds of Kazakhstan, 0.1% - by bid of brokerage-dealers company. Net price in submitted bids varied from 94.0201% (forecasted 7.10% APR to maturity for purchaser) to 99.9990% (6.00% APR). Weighted average demand price was 99.8908% that corresponds to yield of 6.02% APR. According to results of the trade the issuer has determined cut-off price at the level of 99.9990% from nominal cost of security, that corresponds forecasted half yearly yield of bonds to maturity for purchaser in 6.00% APR, and satisfied with this price three bids for purchase of 30.0 m. of bonds, thus floating the whole volume of registered securities. Volume of borrowings equaled to KZT3,001,970,000.00. By the results of the trade 99.9% of bonds were purchased by clients of brokerage-dealers companies and 0.1% by on of these companies. Calculations on trades should be carried out till 16:00 of Almaty time on December 14, 2004. [2003-12-14]