/KASE, July 18, 2008/ - As informed earlier MAG JSC (Almaty), being the listing
company of Kazakhstan Stock Exchange (KASE), provided KASE with changes
and additions in KZ2C0Y03C130 (MAG_b1) bonds issue prospect, according to
which:
- term of bonds circulation was prolonged from August 22, 2009 to May 5,
2011;
- date of bonds maturity is May 5, 2011;
- Registrator Zerde JSC (Almaty) is the company's registrar;
- bondholders are provided with option on bonds selling in amount, that they
possessed at the date of register; this right is effective after 3 years
since the start date of bonds circulation and to the date of bonds maturity;
the price of bonds purchase is calculated from bonds face value and
accumulated coupon interest as for the date of payments.
Due to included changes and additions, the company reregistered the mentioned
bonds issue. The copy of certificate of Agency of Republic of Kazakhstan on
Regulation and Supervision of Financial Market and Financial Organizations
(AFS) on state reregistration of bonds issue, dated May 13, 2008#C13 was
provided to KASE. According to certificate, NIN of mentioned securities was
changed from KZ2C0Y03C130 to KZ2C0Y05C135.
Having examined provided documents, KASE staff came to conclusion that
corrected KZ2C0Y05C135 bonds issue prospect contains internal contradictions,
which must be eliminated.
To corresponding exchange's inquiry, dated July 15, 2008, MAG JSC provided
explanations on payments method of last coupon interest on mentioned bonds.
According to explanations, calculation of coupon interest amount on
KZ2C0Y05C135 bonds as of maturity date will be made based on the number of
acute circulation days, i.e. for the period from February 22 to May 4, 2011.
Besides, MAG JSC assured KASE that the company plans to sell the documents
to Agency of Republic of Kazakhstan on Regulation and Supervision of Financial
Market and Financial Organizations (AFS) for including corresponding changes
and additions to the terms of bonds issue prospect in the part of last coupon
interest rate calculation with the purpose of elimination, found by KASE,
contradictions.
At KASE website are available:
- changes and additions to MAG JSC bonds issue prospect at -
http://www.kase.kz/emitters/scan/mag_/mag_izm_2008.pdf
- explanations of MAG JSC on last coupon interest rate calculation on bonds
KZ2C0Y05C135 at -
http://www.kase.kz/emitters/scan/mag_/mag_140708.pdf
[2008-07-18]