/KASE, December 20, 04/ - Kazakhstan stock exchange (KASE) injforms that on
December 21, 2004 specialized trades on primary additional floatation of
subordinate bonds of Alliance bank JSC (Almaty) of the third issue
(KZ2CKY07B394, KASE's official "A" listing category, ASBNb3; KZT1,
KZT3,000.0 m.; October 29, 04 - October 29, 11, indexed by the level of
inflation semi-annual coupon, 8.50% APR for the current period, 30/360) will be
held at KASE.
The issuer plans to float bonds amount with nominal value KZT500.0 m., that
equals to 16.7% from registered volume of securities.
The specialized trades will be held in the KASE's trade system from 11:30 a.m.
till 1:00 p.m. of Almaty time (ALT). Issuer should determine cut off price the
same day till 3:00 ALT. Security purchasers are obliged to secure transference
of money for purchased securities to stock exchange's correspondent account
before 4:00 p.m. of Almaty time on December 21, 2004.
Limited bids (competitive in GS market's terminology) and market
(noncompetitive) bids are admitted to the trades. Stake of satisfaction of
market bids equals to 70%.
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 securities in tenge divisible by one bond's face value is
to be shown in bid as the number of financial instruments.
Volume of applied bids is determined as production of number of financial
instruments and price with accumulated interest, divided by 100%. Accumulated
interest should be taken into account by participants for the date of bonds
payment.
Method of bids satisfaction for purchase is at cut-off price. The issuer will
satisfy all or a 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. Investors can
submit their bids through these legal entities. Full list of KASE's members of
"Р" category has been published on the exchange's web-site at
http://www.kase.kz/kasemembers/.
[2004-12-20]