Ore mining and processing enterprise Tort Kudyk (Kazakhstan) made large deal
/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:
Ore mining and processing enterprise Tort Kudyk made the large deal –
mortgaged the property with the market cost over 25% from the assets
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.