Bonds KZ2C0Y35D528 (KMGZb1) of National Company KazMunayGaz (Kazakhstan) removed from KASE official list upon issuer request, effective November 29, 2010
/KASE, November 29, 10/ - By Kazakhstan Stock Exchange (KASE) Listing Commission
decision, bonds KZ2C0Y35D528 (KMGZb1; KZT1,000, KZT190.0 bn, July 3, 2009 -
July 3, 2044; semi-annual coupon 5.00 % APR; 30/360) of National Company
KazMunayGaz (Astana) have been removed from KASE official list, effective
November 29, 2010.
In KASE conclusion of November 18, 2010 it is stressed, that KASE had received
from National Company KazMunayGaz the following documents:
- a letter of November 11, 2010 requesting it to remove the said bonds from
KASE official list due to their buy back and eventually early repayment.
According to National Company KazMunayGaz, the buy-back has involved payment
of the face value with a simultaneous payment of interest accrued until the
early repayment date.
- a copy of an extract from minutes of a meeting of National Company KazMunayGaz
Board of Directors of December 15, 2009 regarding buy back by National Company
KazMunayGaz of the said bonds at their face value to the amount of KZT190.0 bn
with the purpose of an early repayment;
- a copy of an extract of minutes of a meeting held by the Board of National
Company KazMunayGaz sole shareholder - National Welfare Fund Samruk-Kazyna on
September 15, 2010 concerning ensuring an early repayment of the said bonds
purchased by National Welfare Fund Samruk-Kazyna to the total amount of
- a copy of a notification of September 29, 2010 from JSC Fondovy Tsentr of
closing the register of the said bonds' holders due to writing off 190,000,000
units of the said bonds from the personal account of the sole bondholder to a
personal account of National Company KazMunayGaz for purposes of accounting
the buy-back of securities.
According to the provided documents, a removal of the said bonds from KASE
official list would not infringe on rights of investors and professional
participants of the stock market.
Based on the stated above and in accordance with sub-item 1) of item 1, Article
19, of KASE internal document "Listing Rules", the said bonds have been removed
from KASE official list.
The said bonds were included into KASE official list as first sub-category of
Non-Rated Debt Securities from July 3, 2009. They have not been traded as yet.