OREANDA-NEWS. April 26, 2012. Hereby, Halyk Finance and BCC Invest announce that KAZEXPORTASTYK Holding (the Issuer) intends to implement public offering of part of outstanding bonds of third issue KZ2C0Y05E065 (KASTb3) for purchasing on the organized market through special trades in Kazakhstan Stock Exchange trading system, reported the press-centre of KASE. 

The special trades planned date is April 27.

Announced indicative volume of this bonds issue that the Issuer plans to offer for purchasing on special trades is 1,000,000 bonds.

The Issuer plans to offer bonds at the price equal to the yield to maturity rate in the size of 10% APR.

If the volume of investors submitted orders at the price equal to the yield to maturity rate in the size of 10% APR will exceed an announced indicative volume of offer, the Issuer may increase the volume of offered bonds and place more than 1,000,000 bonds.

The special trades will be held in the KASE trading system from 11:30 to 15:00 Almaty time (ALT). The security code at trades - KASTb3. The issuer will define the cut off till 16:00 ALT of the trades day.

Central Securities Depository will implement settlements according to its rules. The buyer must ensure money in return to being purchased securities on the correspondent account in Central Securities Depository at 15:00 ALT (Т+0).

Only limited and market orders will be accepted to trades, submitted to the KASE trading system by the closed method. The market orders will be satisfied at 70 %.

As the price an order will indicate the bonds "net" price (excluding interest accrued) expressed as percentage of the security face value accurate within the fourth decimal. The number of financial instruments in an order must be equal to the number of bonds in units. As the volume orders must quote the production of the bonds number, indicated in an order and the "dirty" price  per bond (including interest accrued).

The deal volume is calculated in compliance with article 14 of chapter 3 of the Method of Calculation of Bond Yield and Bond Transaction Sum available at http://www.kase.kz/files/normative_base/bond_yield_eng.pdf

The purchasing orders acceptance method - at the cut off price. The orders that have prices equal or lower than the cut off price will be cut off.