KASE bans use of bonds XS0251702618 (ASBNe3) of ALB Finance B.V. (Netherlands) as repo subject beginning October 21

/KASE, October 21, 09/ - The Board of Kazakhstan Stock Exchange (KASE) in accordance with sub-item 1) of item 9-1 of the KASE internal document "Rules on Repo Transactions" beginning October 21, 2009 banned use of bonds XS0251702618 (KASE, "buffer category", ASBNe3; USD150.0 m; in circulation since April 19, 2006, semiannual coupon 9.375 % APR, 30/360) of ALB Finance B.V. (Rotterdam) as repo subject. The decision was made in accordance with default of ALB Finance B.V. on payment of the seventh coupon interest on the bonds. Earlier KASE released related news: - KASE news dated October 20, 2009 "Alliance Bank: ALB Finance B.V. (Netherlands) delays payment of 7th coupon on international bonds XS0251702618 (ASBNe3)" - http://www.kase.kz/en/news/show/1086317 - KASE news dated March 30, 2009 "April 1, KASE introduces a system of bans on use of securities as repo subjects" - http://www.kase.kz/en/news/show/1070059 - KASE news dated March 27, 2009 "KASE amends Rules on Repo Transactions" - http://www.kase.kz/en/news/show/1069980 - KASE news dated March 19, 2009 "KASE amends Automatic Repo Market Specification" - http://www.kase.kz/en/news/show/1069495 [2009-10-21]