November 4, KASE suspends trade in bonds KZ2PKY05B833 (TKUDb1) of Mining and Enrichment Combine Tort Kudyk (Kazakhstan) due to absence of coupon rate value
05.11.08 15:14
/KASE, November 5, 08/ - Trades in bonds KZ2PKY05B833 (KASE official
list, the second subcategory of category Non-rated debt securities, TKUDb1;
KZT1,000, KZT2.0 bn.; 03.11.06 - 03.11.11, semiannual coupon indexed to
inflation rate ) of Mining and Enrichment Combine Tort Kudyk (Astana) were
suspended November 4, 2008 through the decision of the Board of Kazakhstan
Stock Exchange (KASE).
Trades in the securities were suspended due to KASE having no data on the fifth
coupon interest rate value on bonds KZ2PKY05B833. The fifth coupon period
on the bonds begins November 3, 2008 ending May 2, 2009.
In accordance with the prospectus of bond issue the issuer must 30 calendar
days before end of each coupon period release in Kazakhstan printed editions
an announcement on change of coupon rate on the bonds with new rate for the
next coupon period and to notify KASE thereof in an official letter.
KASE deems this precedent a violation of the Listing rules of the Exchange on
the side of Mining and Enrichment Combine Tort Kudyk and reserves the right to
impose penalty sanctions on the bond issuer.
[2008-11-05]