/KASE, December 1, 09/ - Alliance Bank (Almaty) informed Kazakhstan Stock
Exchange (KASE) by the official letter on delay by ALB Finance B.V. (Rotterdam)
of the eighth coupon interest payment on its international bonds XS0234283264
(KASE official list buffer category, ASBNe2; $200.0 m; November 22, 05 -
November 22, 10, the semi-annual coupon 9.000 % APR, 30/360).
According to the mentioned bonds issue circular ALB Finance B.V. must have
paid the interest on November 22, 2009.
In the letter Alliance Bank informed that:
quotation starts
Hereby Alliance Bank (hereinafter - the Bank) notifies that on November 22, 2009
the Bank did not pay the coupon on eurobonds (ISIN Code: XS0234283264 of
November 22, 2005) due to the effect of Almaty City Specialized Financial Court
decision #2-21/2009 of September 18, 2009 on Alliance Bank restructuring,
according to which the Bank creditors claims suspension due to obligations
restructuring. The Bank mentioned bonds are liable to restructuring.
quotation ends
Previously KASE published news of September 22, 2009 "Special financial court
of Almaty approves Alliance Bank's debts restructure" -
http://www.kase.kz/en/news/show/1083801
At present eleven companies, securities of which are present in KASE official
list, informed on inability to fully or partially fulfill their obligations on
bonds. Listed companies defaulted payment on bonds is available on KASE website in
section "Issuers" ("default") at address
http://www.kase.kz/en/emitters
KASE reminds that in compliance with the Exchange internal document "Rules of
Exchange Information Dissemination", KASE is not responsible for authenticity of
disseminated information on the Exchange members and securities issuers,
admitted to circulation on the Exchange, if this information is based on messages
and documents received by the Exchange from these members and securities
issuers in pursuance of their obligations to the Exchange. KASE does not validate
the mentioned messages and documents when developing this information.
Individuals, willing to refute the information, published in this message, must
apply to KASE by a corresponding official letter.
[2009-12-01]