ForteBank reports payment of the tenth coupon and full early redemption of Eurobonds XS1153772725, XS1154028200 (ASBNe14)

23.12.19, 13:03
/KASE, December 23, 2019/ – ForteBank (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows: quote ForteBank (hereinafter, the Bank) hereby reports in respect of Eurobonds XS1153772725 (XS1154028200, ASBNe14) issued on December 15, 2014 for the amount of $236,570,000 at 11.75 % with the maturity term in 2024 (hereinafter, the Bonds) that the Bank fully redeemed 236,570,000 pieces of Bonds with the Bank’s option* on December 16, 2019 with the value date on December 15, 2019**. The amount of early redemption of the Bonds was US $111,200 476.05, which represents 108 per cent of the outstanding principal debt on 164,741,446 pieces of oustanding Bonds (US $102,963,403.75). In addition to early repayment of the principal debt on the Bonds, the following payments were made for the total amount of US $16,950,350.34: 1) US $6,654,009.97 – payment of the tenth coupon interest for the period from June 15, 2019 to December 15, 2019, 180 days; 2) US $10,296,340.37 – the sixth repayment of a portion of the principal debt repaid in 16 equal shares under the terms of the Bond issue. * According to subparagraph (c) of Appendix 4 to the Fiduciary Management Agreement concluded between the Bank and BNY Corporate Trust Services Limited dated December 15, 2014 ** The bonds have been fullly redeemed on the Second Interest Payment Date in 2019, which is due on December 15, 2019. Due to the fact that the Second Interest Payment Date in 2019 falls on a non-working day as defined in subparagraph (f) of paragraph 7 of Appendix 4 of the Fiduciary Management Agreement, the redemption was made on December 16, 2019 with the value date on December 15, 2019. *** The Bank bought back 71,828,554 pieces of Bonds as at maturity date worth the amount of the principal debt of US $44,892,846.25. There were no payments on own repurchased securities. unquote [2019-12-23]