Alliance bank JSC (Kazakhstan) has floated at the specialized trades of KASE 495 m. bonds of the 3rd issue at 8.50 APR

/KASE, December 21, 04/ - On December 21, 2004 in Kazakhstan stock exchange's (KASE) specialized trade system trades on primary floatation of subordinate bonds of Alliance bank JSC (Almaty) of the third issue (KZ2CKY07B394; 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, 30/360) were held. The issuer offered to market participants 500 m. bonds, that is 16.7% from registered volume of 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. For trades limited and market bids were accepted. Stake of satisfaction of market bids was 70%. Satisfaction of non-cut off bids was made according to cutting off price. One KASE's member took part in the trades, who submitted the only bid on his name for purchase of 495.0 m. bonds according to their nominal value (net price - 100.00%), what corresponds to forecasted semi-annual yield of securities to maturity for buyers in the amount of 8.4965% APR. According to results of the trade the issuer has determined cut-off price according to submitted bid and took decision to satisfy this bid in full volume, thus floating 99.0% from planned to floatation number of bonds or 16.5% from registered volume of issue. Amount of borrowing equaled to KZT501,077,500.00. All bonds were purchased by non-banking financial organization. Calculations on trades should be carried out till 16:00 of Almaty time on December 21, 2004. [2003-12-21]