AFS Suspended Offering of Bonds of Akmola Kurlys Materialdary
OREANDA-NEWS. September 15, 2009. The Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) provided to Kazakhstan Stock Exchange (KASE) the copy of AFS Board resolution "On suspension of offering of uncovered coupon bonds of Akmola Kurlys Materialdary LLP" of August 28, 2009 # 204, reported the press-centre of KASE.
According to the AFS document:
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1. To suspend offering of uncovered coupon bonds of Akmola Kurlys Materialdary LLP due to non-fulfillment of obligations on the interest payment on previously offered coupon bonds.
2. The resolution is effective from the day of its adoption.
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In addition AFS informs that in compliance with item 2 of article 25 of the Law of the Republic of Kazakhstan "On Securities Market" Akmola Kurlys Materialdary registrar Fondovy Tsentr (Almaty) and Central Securities Depository (Almaty) must suspend deals registration on offering of serial securities from the moment they receive the authorized body decision on these securities offering.
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