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]