/KASE, February 2, 2021/ – Eastcomtrans (Almaty), whose bonds are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the
following notice to holders of bonds XS0918292151 (KASE main market,
category "bonds", ECTRe1):
quote
We refer to the terms of the Bonds issue ("Terms") contained in Appendix 3 to
the Trust Management Agreement in the new edition with changes and additions
dated April 20, 2017 (the "Trust Management Agreement") between EASTCOMTRANS LLP
(the "Issuer") and US BANK TRUSTEES LIMITED ("Trustee"). The terms used in this
notice and not defined therein have the meaning provided for them in the Terms
and the Trust Deed.
Notice of the redemption price (the "Redemption Price"), as detailed below, is
hereby provided upon notification by the Issuer on 5 January 2021 that he has
chosen to redeem all of its outstanding Bonds in accordance with Condition 6.4
(a) of the Terms at the Redemption Price on February 5, 2021 ("Early
Redemption Date").
The redemption price of the Bonds is equal to the sum of: (i) the aggregate
principal value of the Bonds, (ii) the Early Redemption Compensation and (iii)
the amount of interest accrued, excluding the Early Redemption Date. Pursuant
to items (b)-(d) of the Condition 6.4 of the Terms, the Early Redemption
Compensation was made by the Financial Advisor taking into account the
Treasury Rate, which will be calculated three business days in New York City
prior to the Early Redemption Date, namely February 2, 2021.
Therefore, the Redemption Price for USD1,000 is USD1,079.75 (including
interest accrued on the Bonds, but excluding the Early Redemption Date of
USD22.90).
The Bonds will be delisted from the listing of the London Stock Exchange and
Kazakhstan Stock Exchange on the Early Redemption Date.
unquote
The complete information is available on KASE website –
https://kase.kz/files/emitters/ECTR/ectr_reliz_020221_1.pdf
[2021-02-02]