Results of auction on floatation of infrastructure bonds, issued by Doszhan temir zholy JSC - First Investment JSC

/KASE, September 13, 05/ - First Investment JSC (Almaty) informed Kazakhstan stock exchange that on September 7, 2005 auction on floatation of infrastructure bonds was held, issued by Doszhan temir zholy JSC (DTZh) (hereinafter Issuer) (KZ2CKY23B672; KZT1,000.00; KZT30,000 m.; August 2, 05-August 2, 28; indexed by the level of inflation annual coupon, 30/360). The Issue's financial consultant is First Investment JSC, co-underwriter - Kazkommerts Invest JSC (Almaty). This issue of bonds is registered by the Agency of the Republic of Kazakhstan for regulation and supervision of financial market and financial organizations (AFS) on July 28, 2005. The issuer offered the market participants bonds for the amount of nominal value KZT1,000 m., this is 3.33% from registered volume of the issue. Subject of trade was value of fixed margin with accuracy till the second decimal digit, which is used to determine coupon rate on bonds (according to Prospect of bonds issue). Bids for participation in floatation were submitted to the Issuer's office from 09:00 to 11:00 of Almaty time (ALT). In auction professional participants of securities market took part. Value of fixed margin in submitted bids varied from 0.4% (coupon 8.2% APR) to 0.9% (coupon 8,7% APR). Volume of submitted bids by nominal value was KZT1,550 m. By the results of auction the Issuer determined value of fixed margin at the level 0.45% (coupon 8.25% APR for the first year of circulation) and satisfied bids for purchase of 850,000 bonds for total amount of borrowing KZT856,764,999.10. Bids were satisfied by dirty price on September 8, 2005 107.79585225% (8.25% APR to maturity). As a result of conducted auction the Issuer floated 2.83% from registered volume of the issue. Calculations by the results of auction are made on September 8, 2005 as per scheme Т+1. All buyers of bonds provided transfer of money to the Issuer's settlement account in payment of acquired by them securities before 18:00 ALT on September 8, 2005. [2005-09-13]