AFS Suspends Placement of Bonds of REMIX-R
OREANDA-NEWS. September 04, 2009. The Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) sent to Kazakhstan Stock Exchange (KASE) a copy of resolution No. 194 of the AFS Board "On suspension of placement of coupon uncollateralized bonds of REMIX-R", reported the press-centre of KASE.
According to the document AFS resolved:
Quotation beginning
1. To suspend placement of coupon uncollateralized bonds of REMIX-R as the issuer defaulted on bond interest payment.
2. The resolution is effective after approval.
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Additionally AFS informed, according to the second passage of item 2 of article 25 of the Law of the Republic of Kazakhstan "On Securities Market" registrar of REMIX-R, Registrator Zerde (Almaty), and Central Securities Depository (Almaty) must suspend registration of deals on placement of serial securities after receipt of a decision from an authorized body on suspension of the securities.
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