ForteBank plans early redemption of international bonds XS1153772725, XS1154028200 (ASBNe14) from December 15, 2019

18.11.19, 15:00
/KASE, November 18, 2019/ – ForteBank (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about proposed early redemption of international bonds XS1153772725, XS1154028200 (KASE main market, category "bonds", ASBNe14): quote The Bank will exercise its right to fully redeem the Bonds under the Bank's option at 108% of the current main principal according to the sub-item (с) of item 8 of Appendix 4 to the Agreement on trust management together with the accrued, but not paid interest on the redeemable principal amount, but except for the date fixed for redemption (Early Redemption Amount). The Early Redemption Amount will make up USD1.08 per each USD1.00 of the current principal amount on Bonds. The Bank will exercise its right to fully redeem the Bonds as of the Second Date of Interest Payment, being December 15, 2019. Due to the Second Date of Interest Payment falling not on a working day, as defined in sub-item (f) of item 7 of Appendix 4 of the Agreement on trust management, the redemption will be carried out on December 16, 2019 with the value date as of December 15, 2019 according to the sub-item (f) of item 7 of Appendix 4 to the Agreement on trust management. Indicated Bonds being redeemed will be annulled and may not be re-issued or re-sold. This notice is not subject to withdrawal or cancelation. Each payment on the Bonds will be carried out to the Person indicated as the holder in the Registry as of the moment of the end of the working day (at the place of the Registrar's indicated office) within two working days before the due date of such payment (hereinafter – the Registry Fixing Date). Terms used in this document, but not determined otherwise, have meanings set in the Agreement on trust management. unquote This information is available on – http://kase.kz/files/emitters/ASBN/asbn_early_repayment_151219_15.docx [2019-11-18]