Food contract corporation JSC (Kazakhstan) entirely offered its KZPC1Y07B929 issue bonds on KASE on March 27

/KASE, March 29,06/ - Food contract corporation JSC (Astana) on March 28 presented to Kazakhstan stock exchange (KASE) a letter with the following content. Quotation start On March 27 of 2006 first issue bonds within the first bond program of Food contract corporation JSC were offered in full volume by holding open trades on Kazakhstan stock exchange. Issue face value is KZT15 bn. As the country's agroindustrial complex and legislative base of its regulation were formed and improved, Food contract corporation JSC developed too. Today it's a dynamically developing and competitive company, one of the biggest on the country's grain market, whose major strategic aim is provision of country's food sufficiency, prevention of damping of prices for grain and bringing Kazakhstan's grain to foreign markets. Issue preparation and registration procedure as well as bonds offering was made in assistance with the biggest companies on the republic's securities market: Halyk Finance JSC, Kazkommerts Securities JSC and TuranAlem Securities. Due to good matching of investors' confidence in company's stability, which is the result of effective activity and positive image of Food contract corporation JSC, and good work of financial consultants this offering can be called more than qualitative. Quotation end KZPC1Y07B929 issue bonds of Food contract corporation JSC (PRKRb2, KZT1,000, KZT15.0 bn.; March 14, 06 - March 14, 13, annual coupon, 8.0% APR) were included in KASE's official "A" listing category on March 14 of 2006. This is the first bond issue made within the first bond program of Food contract corporation JSC, registered by Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations on February 8 of 2006 for a total of KZT30.0 bn. under B92 number, and the company's second bond issue, which has passed listing procedure on KASE. Trades in them in KASE's secondary market sector were opened on March 23. Judging on deals made in KASE's trade system on March 27, PRKRb2 were offered by open trade method in the exchange's secondary market sector. The bonds were offered by nine deals, at that, KASE's one member was the seller, and four members acted as buyers. Total number of offered bonds is 14,990,000 units or 99.93% from the planned issue volume. Net prices during the offering varied from 99.6155% (8.07% APR to maturity for a buyer) to 99.7155% (8.05% APR) from the face value. Weighted average offering price totaled 99.6822%, weighted average yield of bonds to maturity for a buyer - 8.0593% APR, amount of borrowing (amount of deals) - KZT14,985,667,894.46. At that, 93.3% of bonds were purchased by Kazakhstan commercial banks, 6.7% - by pension assets management company for pension assets. [2006-03-29]