ATFBank comments on Batys transit preparing to pay coupon on infrastructure bonds KZ2CKY13B996 (BTTRb1)

27.02.09 17:25
/KASE, February 27, 09/ - ATFBank (Almaty), representing holders of 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) of Batys transit (Almaty), provided Kazakhstan Stock Exchange (KASE) with a copy of letter No. 190 of Batys transit dated February 24, 2009 informing as follows: Quotation beginning In regard of reservation of the sum required to pay coupon interest, ..., The company has KZT1 bn. at its accounts. Besides, shareholders intend to provide additional aid in the amount of KZT1.3 bn. Also, funds raised at placement of remained bonds in the amount of KZT1.1 bn. by nominal value will be used to pay coupon. This will be possible after signing of an additional guarantee to the agreement by the Ministry of Finance of the Republic of Kazakhstan in regard of increase of guarantee sum up to KZT18.830 m. Quotation end Full version of the letter is available at the KASE website at: http://www.kase.kz/files/mix/letter_bttr_240209.pdf Links on related subjects are provided below: - KASE news of February 26, 2009 "Batys transit informs on measures taken for upcoming payment of coupon on infrastructure bonds KZ2CKY13B996 (BTTRb1)" - http://www.kase.kz/en/news/show/1067784 - 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/en/news/show/1067328 - 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/en/show/1066997 - 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/en/news/show/1065761 - 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/en/news/show/10607499 - 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/en/news/show/1060645 - 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://kase.kz/en/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/en/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 the Ministry of Finance of Kazakhstan on its infrastructure bonds (complemented)" - http://www.kase.kz/en/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/en/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/en/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 [2009-02-27]