/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]