/KASE, February 26, 09/ - Batys transit (Almaty) informed Kazakhstan Stock
Exchange (KASE) on launch of commercial operation of interregional power line
"Northern Kazakhstan - Aktobe oblast" and steps it is taking to ensure
compliance with its obligations to pay the third coupon interest on
infrastructure bonds KZ2CKY13B996 (KASE official list, the second subcategory
of the Non-rated debt securities category, BTTRb1; KZT100, KZT18,830.0 m.;
30.03.06 - 30.03.19, annual coupon indexed to inflation rate, 19.20 % APR as
for the current coupon period, 30/360).
Batys transit informed of the following:
Quotation beginning
For purposes of compliance with obligations before bondholders of the company,
on February 13, 2009 the Ministry of Economy and Budget Planning of the
Republic of Kazakhstan, with participation of the Ministry of Finance, the
Ministry of Justice, the Ministry of Energy and Mineral Resources, the Agency
for Financial Supervision and Tsentr GCP held a meeting and made a decision to
initiate a resolution of the Government of the Republic of Kazakhstan "On Making
Changes to the Guarantee Agreement approved by resolution No. 1218 of the
Government of the Republic of Kazakhstan on December 9, 2005", in regard of
increase guarantee on the side of the state from KZT15,692,710,000 to
KZT18,830,000,000, that is, up to the sum of issued infrastructure bonds.
On February 24, 2009 the Ministry of Energy and Mineral Resources of the
Republic of Kazakhstan submitted the mentioned draft of the resolution of the
Government of the Republic of Kazakhstan for accord to the Ministry of Economy
and Budget Planning, the Ministry of Finance and the Ministry of Justice.
To exclude deficit of funds on payment of coupon interest in 2009, the company
is planning to allocate its own funds for redemption, including revenues
generated from operation, and funds raised from placement of the remained part
of authorized infrastructure bonds.
Additionally, shareholders agreed to attract additional funds in the size
sufficient to pay coupon interest.
Quotation end
The letter is available at the KASE website at:
http://www.kase.kz/files/mix/letter_bttr_250209.pdf
Below are links on documents of related subject:
- KASE news of February 20, 2009 "ATFBank agrees on increase of guarantee
sum of the Government on project of power line "Northern Kazakhstan -
Aktobe oblast" -
http://www.kase.kz/news/show/1067330
- KASE news of February 17, 2009 "ATFBank monitors implementation of
project of Batys transit on construction and operation of interregional power
line "Northern Kazakhstan - Aktobe oblast" -
http://www.kase.kz/news/show/1066987
- KASE news of February 2, 2009 "Batys transit (Kazakhstan) finishes
construction and launches for operation of interregional power line "Northern
Kazakhstan - Aktobe oblast" -
http://www.kase.kz/news/show/1065719
- KASE news of November 20, 2008 "ATFBank provides explanations of Batys
transit on shortage of funds for payment of coupon and steps company takes"
-
http://www.kase.kz/news/show/1060745
- KASE news of November 18, 2008 "Batys transit (Kazakhstan) annuls first
version of its letter No. 834 dated November 10, 2008" -
http://www.kase.kz/news/show/1060615
- KASE news of November 13, 2008 "ATFBank informs on shortage of funds at
Batys transit for payment of upcoming coupon on bonds KZ2CKY13B996
(BTTRb1)" -
http://www.kase.kz/ru/news/show/1060315
- Letter No. 07.2.15/10344 of ATFBank dated November 13, 2008 -
http://www.kase.kz/files/emitters/BTTR/bttr_atfb_131108.pdf
- KASE news of November 13, 2008 "ATFBank comments on infrastructure
bonds of Batys transit" -
http://www.kase.kz/ru/news/show/1060313
- Letter No. 07.2.15/10278 of ATFBank of November 11, 2008 -
http://www.kase.kz/files/emitters/BTTR/bttr_atfb_111108.pdf
- KASE news of November 13, 2008 "Batys transit disagrees with Kazakhstan
Ministry of Finance on infrastructure bonds (complemented)" -
http://www.kase.kz/ru/news/show/1060277
- KASE news of November 12, 2008 "Batys transit disagrees with Kazakhstan
Ministry of Finance on its infrastructure bonds" -
http://www.kase.kz/ru/news/show/1060221
- Letter No. 834 of Batys transit dated November 10, 2008 -
http://www.kase.kz/files/emitters/BTTR/bttr_101108.pdf
- KASE news of November 5, 2008 "Kazakhstan Ministry of Finance deems
necessary to ban Batys transit from further issue of infrastructure bonds" -
http://www.kase.kz/ru/news/show/1059720
- Letter No. ДГ3-3/11082 of the Ministry of Finance of the Republic of
Kazakhstan dated October 28, 2008 -
http://www.kase.kz/files/emitters/BTTR/bttr_minfin_281008.pdf
- Resolution No. 264 of the Government of the Republic of Kazakhstan "On
Making Changes and Additions to the Guarantee Agreement within the
Concessionary Agreement on Construction and Operation of Interregional
Power Line "Northern Kazakhstan - Aktobe Oblast" dated March 18, 2008 -
http://www.kase.kz/files/emitters/BTTR/bttr_post_180308.pdf
- The Guarantee Agreement No. 2ДП002 dated January 9, 2006, entered
between the Government of the Republic of Kazakhstan represented by the
Ministry of Finance of the Republic of Kazakhstan and ATFBank -
http://www.kase.kz/files/emitters/BTTR/bttr_090106_agr.pdf
[2009-02-26]