Ore mining and processing enterprise Tort Kudyk (Kazakhstan) made large deal

13.05.13, 15:28
/KASE, May 13, 13/ – Ore mining and processing enterprise Tort Kudyk (Astana), bonds of which are officially listed on Kazakhstan Stock Exchange (KASE), informed KASE by the official letter: quotation Ore mining and processing enterprise Tort Kudyk made the large deal – mortgaged the property with the market cost over 25% from the assets size. By the meeting minutes of January 27, 2012, it was decided to make the deal. The property cost is KZT855,764,845. On March 14, 2013, the date of property last valuation. The property cost ratio 30%. Annually before January 31 the issuer submits the bonds holders representative the information on the content and cost of the pledge subject based on an independent evaluator report, the agreement of property pledge must be registered in the order set by the legislation of the Republic of Kazakhstan, related costs are bared by the issuer. The pledged property ensures fulfillment by the issuer of liabilities on full repayment of bonds. The deal conclusion date is April 26, 2013. ends [2013-05-13]