Participants LLP Credit partnership ORDA credit (Kazakhstan) approved the investment policy
31.05.10 19:30
/IRBIS, May 31, 2010/ - LLP credit association ORDA credit (Shymkent,
hereinafter - Company), whose securities are included in the official list of
Kazakhstan Stock Exchange (KASE), provided to KASE a copy of the general
meeting of the Company on April 25, 2010 year.
According to documents submitted members of the company took the
following decisions:
- approve the investment policy of the company;
- the company will sponsor JSC "Management company ORDA Capital to
produce 300,000 of coupon bonds, the volume of production - KZT450.0
million, the circulation period - 3 years, with monthly pay-coupon rate of
12,0% per annum on the indexed face value bonds. In the event of a
default probability to a bond issue of JSC "UK ORDA Capital - a
company to provide support to the amount of KZT450.0 million by
purchasing shares of" UK ORDA Capital in the primary market in
quantity, whose value would be sufficient for the payment of outstanding
bonded indebtedness;
- In order to get the second half of 2010 LLP "Microcredit Organization
Arnur Credit an additional loan in the JSC Foundation for Enterprise
Development "Lady" in the amount of KZT250.0 million in the form of
opening a second revolving credit line to provide a secondary guarantee
company and re- release of guarantee obligations in favor of JSC
"Entrepreneurship Development Fund" Damu "to secure the obligations
LLP ICE "Arnur Credit";
- In order to get LLP "Microcredit Organization" Arnur Credit Loan JSC
Entrepreneurship Development Fund "Damu" in the amount of KZT300.0
million at 7% per annum in the form of open revolving credit line for the
project "Microcredit in rural areas South Kazakhstan region on the
principle of "micro credit consulting + = successful entrepreneur, to
provide a guarantee of the company and issue a guarantee bond in favor
of the JSC Foundation for Enterprise Development "Lady" to secure the
obligations LLP" ICE "Arnur Credit";
- to increase the authorized capital of the subsidiary Company "ICE" Arnur
Credit to KZT240.0 million;
- Company's Board empowered to borrowing in second-tier banks in the
amount of up to KZT1,500.0 million.
[2010-05-31]