Halyk Savings Bank of Kazakhstan: issuer of international bonds XS0253878051 (HSBKe2) HSBK (Europe) B.V. (Netherlands) changed
27.04.09 17:38
/KASE, April 27, 09/ - Halyk Savings Bank of Kazakhstan (Almaty), a company
listed on the Kazakhstan Stock Exchange (KASE), provided KASE with a
notification:
Quotation beginning
Regarding international coupon bonds issued by HSBK (Europe) B.V. (hereafter -
"Issuer") for a total of USD300,000,000 with maturity on May 13, 2013, ISIN -
XS0253878051 (hereafter - "Bonds") under 100 % guarantee of Halyk Savings
Bank of Kazakhstan JSC (hereafter - "Guarantor"), listed on KASE (sector -
"debt securities", category - "rated debt securities (supreme category)")
Herewith, we inform on change of the Issuer on the Bonds, effective April 24,
2009 according to a procedure specified below.
Terms and regulations of the Bonds are set by the trust management agreement
(hereafter - "Trust management agreement"), concluded on May 11, 2006
between the Issuer, Guarantor and J.P. Morgan Corporate Trustee Services
Limited, as a trust manager, whose functions later were assumed by BNY
Corporate Trustee Services Limited, as a legal successor (hereafter - "Trust
manager").
On April 24, 2009 in accordance with article 13 (Change and substitution) of the
Trust management agreement the Issuer, the Guarantor and the Trust manager
entered into a Trust management agreement (hereafter - "Trust management
agreement").
According to terms of the Additional agreement the Guarantor agrees to
substitute the Issuer in the capacity of the main debtor on the Trust management
agreement and Bonds and undertakes to assume obligations in the capacity of the
Issuer on the Trust management agreement and Bonds. According to the Additional
agreement the Guarantor is released of all its obligations in the capacity of
the guarantor regarding obligations of the Issuer on the Trust management
agreement and Bonds, and the Issuer is released of all its obligations in the
capacity of the Issuer on the Trust management agreement and Bonds.
Also on April 24, 2009 the Issuer, the Guarantor and The Bank of New York
Mellon, in the capacity of a legal successor of JPMorgan Chase Bank, N.A.
regarding the Bonds and the main payment agent entered into an additional
agreement (hereafter - "Additional agent agreement") to an agent agreement
on the Bonds dated May 11, 2006 (hereafter - "Agent agreement"), according to
terms of which the Guarantor shall substitute the Issuer and assume its
obligations in the Agent agreement.
Quotaiton end
[2009-04-27]