/KASE, October 19, 09/ - Astana-Finance JSC (Astana), a company listed
on Kazakhstan Stock Exchange (KASE), provided KASE with the press release
dated October 16, 2009:
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JSC Astana Finance signs a Memorandum of Understanding with its Creditors'
Committee to restructure Astana Finance's financial indebtedness
JSC Astana Finance signs a Memorandum of Understanding with its Creditors'
Committee to restructure Astana Finance's financial indebtedness
JSC Astana Finance (on behalf of itself and its subsidiary Astana Finance BV)
is pleased to announce that it has today entered into a Memorandum of
Understanding (MoU) with its creditors' committee (the Creditors' Committee)
setting out the indicative terms to be offered to creditors in connection with
the proposed restructuring of its financial indebtedness (the Restructuring).
Under the MoU, the Company and the Creditors' Committee have agreed on the
steps required to complete the Restructuring. The Restructuring will be subject
to certain conditions precedent.
The Creditors' Committee comprises Nomura International Plc, Banco Finantia
SA, Franklin Templeton Investment Management Limited, Landesbank Berlin AG,
Merrill Lynch International and Portland Worldwide Investments Ltd.
The Company is pleased with the progress achieved to date, wishes to thank the
Creditors' Committee and all of its creditors for their continued support, and
looks forward to completing the Restructuring in the near future.
The MoU will be available on the Company's website: www.af.kz
Memorandum of Understanding
http://www.kase.kz/files/emitters/ASFI/asfi_reliz_161009e.pdf
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[2009-10-19]