From May 16, KASE prohibits using bonds KZ2C0Y05C788, KZ2C00001493 (ALTMb1) of Almatytemir (Kazakhstan) as repo transactions subjects

18.05.11 14:39
/KASE, May 18, 11/ - By Kazakhstan Stock Exchange (KASE) Management Board of May 16, 2011 in compliance with sub-items 1) and 1-1) of item 9-1 of the KASE internal document "Rules of Repo Transactions Execution" from May 16, 2011 bonds KZ2C0Y05C788, KZ2C00001493 (KASE official list Non-rated Debt Securities second subcategory, ALTMb1; KZT1, KZT2.0 bn; November 1, 07 - November 1, 12; semi-annual coupon 12.00 % APR; 30/360) of Almatytemir (Almaty) are prohibited for use as subjects of "nego" repo transactions. This decision was made as Almatytemir failed to pay the seventh coupon interest on mentioned bonds. Previously KASE published the news of May 10, 2011 "Almatytemir (Kazakhstan) delays payment of 7th coupon due on bonds KZ2C0Y05C788, KZ2C00001493 (ALTMb1)" - http://www.kase.kz/en/news/show/1135572 [2011-05-18]