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ON APRIL 11 SPECIALIZED TRADES ON ADDITIONAL OFFERING OF KZ2CKY07B907 (JGOKB2) ISSUE BONDS OF ZHAIREMSKIY ORE MINING AND PROCESSING ENTERPRISE JSC WILL BE HELD ON KASE

April 10, 2006 KASE
Kazakhstan stock exchange (KASE) informs that on
April 11 of 2006 specialized trades on offering of KZ2CKY07B907 issue
indexed on tenge devaluation against dollar bonds of Zhairemskiy ore
mining and processing enterprise JSC (Zhairem set-t, Karaganda obl.)
(KZT100, KZT3.9 bn.; April 5, 06 - April 5, 13, semi-annual coupon indexed
on inflation rate in Kazakhstan, 8.00% APR for the first coupon period;
30/360) will be held in KASE's trade system.

The issuer plans to offer bonds for total face value of KZT90.0 m. at the
trades (9 m. securities, 23.1% from the registered issue volume).

The specialized trades will be held in KASE's trade system from 11:30 a.m.
till 1:00 p.m. of Almaty time (ALT). Security's symbol at the trades is
JGOKb2A. The issuer will determine the cut-off rate till 3:00 p.m. ALT on
trades holding day. Bonds purchaser must transfer money for purchased
securities to KASE's correspondent account before 4:00 p.m. ALT on April
11, 2006 (T+0).

Only limited (competitive in GS market's terminology) bids, submitted by
closed method, are accepted to the trades.

Bonds "clean" price (without accumulated interest), expressed in % from
indexed face value of security with the accuracy of four decimal figures
is to be shown in bid as the price. This is the parameter, which will be
the subject of the trade.

Total face value of securities in tenge divisible by one bond's face value
is to be shown in bid as the number of financial instruments.

Bids satisfying method - at cut-off price. The issuer will satisfy all bids,
prices in which will be higher or than cut-off price, and also all or part of
bids, prices in which will be equal to this value. In the latter case bids
submitted to KASE's trade system earlier will be preferred.

Bids can be submitted only by KASE's members of "Ð" category (the right to
participate in trades in corporate securities included in the exchange's
official list).

First specialized trades on these bonds offering were held on KASE on April
7. he issuer offered to participants bonds for total face value of KZT3.0 bn.,
that was 76.9% from the registered issue volume. Demand at the trades
Demand at the trades exceeded offer 1.2 times. By the results of the trades
set cut-off price at 99.9991%, that corresponded to securities' semi-annual
yield to maturity for a buyer at the rate of 8.00% APR, and satisfied six
bids for purchase of 30 m. bonds, having offered the whole planned volume.
Amount of borrowing totaled KZT3,005,501,682.72. The whole volume of bonds
was purchased by Kazakhstan pension market subjects.
  • Status
    redeemed
  • Country of risk
    Kazakhstan
  • Redemption (put/call option)
    *** (***)
  • Amount
    2,004,120,000 KZT
  • М/S&P/F
    — / — / —