Bonds KZ2C0Y05C440 (GLOTb2) of GLOTUR (Kazakhstan) de-listed from KASE beginning June 2

01.06.09 16:54
/KASE, June 1, 09/ - The Listing commission of Kazakhstan Stock Exchange (KASE) de-listed beginning June 2, 2009 from KASE bonds KZ2C0Y05C440 (GLOTb2, KZT1, KZT9.0 bn., 20.03.07 - 20.03.12; semiannual coupon indexed to inflation rate, 10.20 % APR as for the current coupon period; 30/360) of GLOTUR (Almaty). The opinion prepared by KASE dated May 26, 2009 says, that according to results of check of GLOTUR and its shares regarding compliance with the listing requirements set by resolution No. 77 of the Board of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations "On Requirements to Issuers and Securities thereof, Admissible (Admitted) to Circulation on Stock Exchange, and to Individual Categories of Stock Exchange List" dated May 26, 2008 for the second category, an incompliance of GLOTUR and its shares to listing requirement regarding availability of market maker was disclosed. Beginning April 15, 2009 on the bonds there was no market maker, which is a violation of a listing requirement set by sub-item 10) of item 11 of the resolution. On the basis of the mentioned above and in accordance with sub-item 3) of item 1 of article 20 of the KASE internal document "Listing rules" the bonds were subjected to de-listing. The bonds were listed on KASE in category "A" March 20, 2007, and September 1, 2008 transferred to the second subcategory of Non-rated debt securities of the KASE official list. Trade therein was opened March 21, 2007. During the circulation of the bonds on KASE their yield to maturity for buyer (on deals, concluded at open trade) varied from 7.00 to 102.16 % APR. [2009-06-01]