OREANDA-NEWS. October 20, 2009. Astana-Finance JSC (Astana), a company listed  on Kazakhstan Stock Exchange (KASE), provided KASE with the press release, reported the press-centre of KASE:

JSC Astana Finance signs a Memorandum of Understanding with its Creditors' Committee to restructure Astana Finance's financial indebtedness

JSC Astana Finance (on behalf of itself and its subsidiary Astana Finance BV) is pleased to announce that it has today entered into a Memorandum of Understanding (MoU) with its creditors' committee (the Creditors' Committee) setting out the indicative terms to be offered to creditors in connection with the proposed restructuring of its financial indebtedness (the Restructuring).

Under the MoU, the Company and the Creditors' Committee have agreed on the steps required to complete the Restructuring. The Restructuring will be subject to certain conditions precedent.

The Creditors' Committee comprises Nomura International Plc, Banco Finantia SA, Franklin Templeton Investment Management Limited, Landesbank Berlin AG, Merrill Lynch International and Portland Worldwide Investments Ltd.

The Company is pleased with the progress achieved to date, wishes to thank the Creditors' Committee and all of its creditors for their continued support, and looks forward to completing the Restructuring in the near future.

The MoU will be available on the Company's website: www.af.kz

Memorandum of Understanding
http://www.kase.kz/files/emitters/ASFI/asfi_reliz_161009e.pdf