KASE Bans Use of Bonds of ALB Finance B.V. as Repo Subject
OREANDA-NEWS. October 23, 2009. The Board of Kazakhstan Stock Exchange (KASE) in accordance with sub-item 1) of item 9-1 of the KASE internal document "Rules on Repo Transactions" and sub-item 1) of item 3-2 of the KASE internal document "Automatic Repo Market Specification" beginning October 22, 2009 banned use of bonds XS0234283264 (KASE, "buffer category", ASBNe2; USD200.0 m; 22.11.05 - 22.11.10, semiannual coupon 9.00 % APR, 30/360) of ALB Finance B.V. (Rotterdam) as repo subjects, reported the press-centre of KASE.
The decision was made after ALB Finance B.V. had failed to pay the seventh coupon interest on bonds XS0251702618 (KASE, "buffer category", ASBNe3; USD150.0 m; in circulation since April 19, 2006, semiannual coupon 9.375 % APR, 30/360).
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