KASE Holds Trades on Placement of Kazkommertsbank Bonds
OREANDA-NEWS. Kazakhstan Stock Exchange (KASE) informs that on February 18, 2010 in the KASE trading system will be held specialized trades on placement of subordinated bonds KZP03Y10C723 (KASE official list Non-rated Debt Securities first subcategory; KKGBb8; KZT100,000; KZT10.0 bn; April 23, 09 - April 23, 19, the semi-annual coupon indexed at the inflation rate, 9.00 % APR for initial two circulation years, 30/360) of Kazkommertsbank (Almaty), reported the press-centre of KASE.
The mentioned bonds issue is the third within Kazkommertsbank first bonds program registered by the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations on August 23, 2007 to the total amount of KZT30.0 bn under number C72, and the mentioned issuer "internal" bond eighth issue listed on KASE.
The placement announced volume makes up 10,000 of bonds KZP03Y10C723 (10 % from the total number of mentioned bonds issue volume).
Specialized trades will be held in the KASE trade system from 11:30 a.m. till 14:00 p.m. of Almaty time (ALT). The security code on trades is KKGBb8A. The cut-off will be determined by the issuer till 15:00 ALT of trades execution day. The purchaser of securities has to transfer money to correspondent account of Central Securities Depository at orders satisfaction moment (Т+0).
Only limited orders are admitted to trades, submitted to the KASE system by the closed method.
As the price the order must indicate the bonds' net price (without accumulated interest) in percent from the bond face value, expressed accurate within the fourth decimal. Number of bonds in units should be indicated as the purchasing order volume.
Method of orders satisfaction for purchase is at announced price. The issuer will satisfy all or part of bids, prices in which will be higher or equal to cut-off price. In the latter case bids submitted to KASE trade system earlier will be preferred.
Orders can be submitted only by members of KASE stock market members category (with the right to participate in trades with securities, admitted to circulation (trading) on KASE). Investors can submit their orders through these legal entities.
The full list of members of KASE stock market members category is available on the Exchange website at http://www.kase.kz/en/membership
The mentioned securities issue prospectus is available at http://www.kase.kz/files/emitters/KKGB/kkgbf9b8_2009.pdf
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