/KASE, May 17, 10/ - ATFBank (Almaty), a representative of holders of
infrastructure bonds KZ2CKY23B672 (KASE, 'buffer category', DTJLb1;
KZT1,000, KZT30.0 bn; 02.08.05 - 02.08.28, annual coupon indexed to inflation
rate, 8.85 % APR as for the current coupon period, 30/360) of Doszhan temir
zholy (DTZ) (Almaty), sent to Kazakhstan Stock Exchange (KASE) letter dated
May 17, 2010 No. 06.03/2626 with attachment of a copy of an appealing
resolution of the Almaty court dated April 7, 2010 No. 2а-1118/10.
The Almaty-based court ruled:
Quotation begins
The Court ruled to change the decision of the Almaty special economical court of
January 21, 2010 and cancel the decision in part of imposing on Doszhan temir
zholy (DTZ) liability to redeem 8,566,890 infrastructure bonds (NIN
K22CKY23B672) on the secondary market with consequent blocking thereof at
the issuer account for purposes of accounting of securities redeemed before
maturity, with a new decision to be made.
The Court ruled to dismiss the claim of FSA to DTZ on compulsory redemption of
infrastructure bonds of DTZ with consequent blocking of redeemed securities at
the issuer account.
The Court ruled to reduce the state fees imposed on DTZ payable to the state
down to KZT707 (seven hundred and seven) tenge.
The rest of the decision will remain unchanged.
The Court ruled to grant the appeal of DTZ.
The appellate resolution may be complained within 15 days after the delivery of
a resolution copy through submission of cassational appeal or protest to
cassational court commission of the Almaty city court.
Ends
A copy of the resolution is released at the KASE website at
http://www.kase.kz/files/mix/dtjl_afn_sud_10_04_07.pdf
The bonds were issued by Doszhan temir zholy (DTZ) to raise funds for project
"Construction and operation of railway Shar - Ust-Kamenogorsk".
Related documents:
- KASE news released May 17, 2010 "ATFBank: DTZ pays 4th coupon on
bonds KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1104240
- KASE news released May 7, 2010 "ATFBank: DTZ pays part of 4th coupon
on bonds KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1103549
- KASE news released March 30, 2010 "ATFBank takes steps to protect
interests of holders of bonds KZ2CKY23B672 (DTJLb1) of Doszhan temir
zholy (DTZ) (Kazakhstan)" -
http://www.kase.kz/en/news/show/1099426
- KASE news released March 26, 2010 "FSA files suit with Almaty special
economical court urging Doszhan temir zholy (DTZ) (Kazakhstan) to redeem
8,566,890 bonds KZ2CKY23B672 (DTJLb1) on secondary market" -
http://www.kase.kz/en/news/show/1099123
- KASE news released February 24, 2010 "ATFBank provides explanations to
Doszhan temir zholy (DTZ) (Kazakhstan) on steps to pay debt on bonds
KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1096760
- KASE news released November 23, 2009 "ATFBank protects interests of
holders of bonds KZ2CKY23B672 (DTJLb1) of Doszhan temir zholy (DTZ)
(Kazakhstan)" -
http://www.kase.kz/en/news/show/1089275
- KASE news released October 2, 2009 "ATFBank: Doszhan temir sholy takes
steps to avoid default on 4th coupon on bonds KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1084864
- KASE news released August 19, 2009 "Doszhan temir zholy (DTZ)
(Kazakhstan) delays payment of 4th coupon on bonds KZ2CKY23B672
(DTJLb1)" -
http://www.kase.kz/en/news/show/1081230
- KASE news released August 13, 2009 "ATFBank takes steps to prevent
Doszhan temir zholy (DTZ) (Kazakhstan) from default on payment of 4th
coupon on bonds KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1080822
- KASE news released August 4, 2009 "ATFBank: DTZ (Kazakhstan) short of
funds to pay 4th coupon on bonds KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1080122
Currently fourteen 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.
[2010-05-17]