/KASE, April 30, 10/ - Alliance Bank (Almaty) informed KASE by the official
letter (KASE) that on its subordinated bonds KZ2CKY07B394 (KASE official list
buffer category, ASBNb3; KZT1, KZT3.0 bn; October 29, 04 - October 29, 11,
the semi-annual coupon indexed at the inflation rate, 8.20 % APR for the
previous coupon period; 30/360) the twelfth coupon period interest rate
(April 29, 2010 - October 28, 2011) will not be set.
In the letter Alliance Bank informed that:
quotation starts
... by the letter of the Agency (Agency of the Republic of Kazakhstan on
Regulation and Supervision of Financial Market and Financial Organizations -
KASE comment) of April 19, 2010 addressed Almaty Specialized Financial Court
to cancel the Bank restructuring.
Therefore, setting the interest rate on bonds NIN KZ2CKY07B394 (ASBNb3) for
the next coupon period is unreasonable.
quotation ends
Below are links to similar news:
- KASE news of April 23, 2010 "KASE suspends trade in bonds of Alliance
bank (Kazakhstan) and international bonds of ALB Finance B.V.
(Netherlands) April 23" -
http://www.kase.kz/en/news/show/1102193
- KASE news of April 22, 2010 "April 19, FSA approves resolution as Alliance
Bank follows its restructuring plan" -
http://www.kase.kz/en/news/show/1102023
- KASE news of April 30, 2010 "Alliance Bank (Kazakhstan) finishes
restructuring debt" -
http://www.kase.kz/en/news/show/1099473
[2010-04-30]