/KASE, February 27, 2020/ – Following a decision of the Board of Directors of
Kazakhstan Stock Exchange (KASE) dated February 26, 2020 changes and
additions No. 13 (amendments) to KASE's internal document "Listing Rules"
were approved, with effect as of February 27, 2020.
Said amendments:
- introduce an amendment according to which, if the issuer has a rating not
lower than "ВB-" on international scale of Standard & Poor's and/or rating of
similar level of rating agencies Fitch and/or Moody's Investors Service or at
inclusion of debt securities, on which there is an unconditional and
irrevocable warrant of the Government of the Republic of Kazakhstan or
other state with a valid sovereign rating not lower than the rating of the
Republic of Kazakhstan, – compliance of the issuer with criteria of revenue,
balance total and operation period for inclusion in the "Main" market is non-
compulsory;
- introduce a condition that for purposes of consideration of the application
for inclusion of bonds in the official list and their presence therein, KASE
considers the guarantor as their issuer, if bonds were issued under an
unconditional and irrevocable warrant of a legal entity (except for bonds
issued under a warrant of the Government of the Republic of Kazakhstan or
other state) or bonds issued by a special enterprise;
- feature revised requirements for disclosure of information in the annual
report of a listing company as part of improvement of the practice of
information disclosure in accordance with international standards, including
for ESG information (sustainable development).
Besides, the Listing Rules were supplemented with procedure and editorial
amendments.
The updated Listing Rules will be released on KASE website at
http://kase.kz/files/normative_base/listing_rules_eng.pdf
[2020-02-27]