Eastcomtrans intends to carry out full repurchase of international bonds XS0918292151 (ECTRe1) ahead of schedule

05.01.21 21:09
/KASE, January 5, 2021/ – Eastcomtrans (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following notice to holders of bonds XS0918292151 (KASE main market, category "bonds", ECTRe1): quote We refer to the terms of the Bonds issue ("Terms") contained in Appendix 3 to the revised Trust Management Agreement amended on April 20, 2017 (the "Trust Management Agreement") between EASTCOMTRANS LLP (the "Issuer") and the U.S. BANK TRUSTEES LIMITED ("Trustee"). The terms used in this notice and not defined therein have the meaning provided for them in the Terms and Conditions and the Trust Deed. In accordance with Condition 6.4 (a) of the Terms, the Issuer has decided to redeem all of its outstanding Bonds at the redemption price (the "Redemption Price") on 5 February 2021 (the "Early Redemption Date"). The redemption price will be equal to the sum of: (i) the aggregate principal value of the Bonds, (ii) the Early Redemption Compensation, and (iii) the amount of interest accrued, excluding the Early Redemption Date. Pursuant to items (b) - (d) of Condition 6.4 of the Terms, the Prepayment Compensation amount is calculated by the Financial Advisor taking into account the Treasury rate, which will be calculated three New York business days before the Early Repayment Date, namely – on February 2, 2021. unquote The complete information is available on KASE website at – https://kase.kz/files/emitters/ECTR/ectr_reliz_050121_1.pdf [2021-01-05]