KASE Listing Commission on September 28 approves plan to remove grounds for transfer of international bonds of TuranAlem Finance B.V. (Netherlands) of four issues to "buffer category"

/KASE, September 29, 09/ - The Listing Commission of Kazakhstan Stock Exchange (KASE) dated September 28, 2009 approved the plan to remove grounds of transfer to "buffer category" of KASE of the following international bonds of TuranAlem Finance B.V. (Rotterdam): - XS0168848801 (BTASe3; USD600.0 m, 02.06.03 - 02.06.10; semiannual coupon 7.875 % APR; 30/360); - USN89065AF89 (BTASe4; USD400.0 m, 24.03.04 - 24.03.14; semiannual coupon 8.00 % APR; 30/360); - XS0211873053 (BTASe5; USD350.0 m, 10.02.05 - 10.02.15; semiannual coupon 8.50 % APR; 30/360); - XS0251881289 (BTASe6; USD250.0 m, 25.04.06 - 25.04.13; semiannual coupon 7.75 % APR; 30/360). The KASE opinion dated September 28, 2009 noted in August 2009 TuranAlem Finance B.V. defaulted on bonds XS0211873053 in regard of coupon interest for the ninth coupon payment. In accordance with item 13-5 of resolution 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, admissible (admitted) to circulation on stock exchange, and to individual categories of stock exchange" dated May 26, 2008 No. 77 of BTA Bank provided KASE on September 25, 2009 the plan to remove grounds of transfer of securities of TuranAlem Finance B.V. to "buffer category". In accordance with item 13-7 of the resolution the Listing commission will consider the issue at the Exchange Council meeting October 1, 2009. In case the Exchange Council approves the decision the bonds of TuranAlem Finance B.V. will be transferred from "Rated debt securities" to "buffer category" of which KASE will inform additionally. [2009-09-29]