/KASE, April 22, 10/ - Alliance Bank (Almaty) informed Kazakhstan Stock
Exchange (KASE) - ALB Finance B.V. (Rotterdam) delayed payment of the
eighth coupon interest on termless international bonds XS0251702618 (KASE,
buffer category', ASBNe3; USD150.0 m; circulation from 19.04.06, semiannual
coupon 9.375 % APR, 30/360).
According to the prospectus ALB Finance B.V. had to pay the interest
April 19, 2010.
Alliance Bank informed:
Quotation begins
Herewith Alliance Bank (the Bank) informed - on April 19, 2010 the Bank failed to
pay interest on international bonds (ISIN code XS0251702618, ALB Finance
B.V.) as the Almaty special finance court's decision No. 2-21/2009 dated
September 18, 2009 on the Alliance Bank restructuring had come into force. The
decision prescribed not paying due interest and principal to creditors, whose debt
claims were supposed to be restructured. The mentioned bonds are to be
restructured. According to the restructuring plan the bank stopped to accrue
interests on the restructured bonds beginning November 26, 2009.
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Related documents:
- 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 September 22, 2009 "Special financial court of Almaty
approves Alliance Bank's debts restructuring" -
http://www.kase.kz/en/news/show/1083801
Currently twelve companies listed on KASE informed of insolvency to fully or
partially comply with obligations on their bonds. The list of listing companies,
that admitted default on bonds, is available at the KASE website at section
"Issuers" ("default") at
http://www.kase.kz/en/emitters
KASE reminds in accordance with the internal document "Rules on Release of
Exchange Information" it does not assume responsibility for accuracy of the
information it spreads in regard of KASE members and issuers listed on KASE, if
such information is based on messages and documents, received from such
members and issuers in pursuance with their obligations before the Exchange. At
generation of such information KASE does not check accuracy of the messages
and documents. The person, willing to disprove the information released in this
message, must address to KASE with a corresponding official letter.
[2010-04-22]