KASE Prohibits Kazakhstan Kagazy Securities for Repo Transactions
OREANDA-NEWS. March 11, 2010. By Kazakhstan Stock Exchange (KASE) Board decision in compliance with sub-items 1) and 1-1) of item 9-1 of the KASE internal document "Rules of Repo Transactions Execution" the following securities of Kazakhstan Kagazy (Almaty Region) are prohibited for use as repo transaction subject, executed by the "nego" method, reported the press-centre of KASE:
1. preferred shares KZ1P45260117 (KASE official list third category, KKAGp);
2. bonds KZPC1Y05C020 (KASE official list buffer category, KKAGb2);
3. bonds KZPC2Y07C024 (KASE official list buffer category, KKAGb3);
4. bonds KZ2C0Y05D117 (KASE official list buffer category, KKAGb4).
This decision was made due to non-payment by Kazakhstan Kagazy of the seventh coupon interest on its bonds KZPC2Y07C024 (KKAGb3; KZT1, KZT3.5 bn; August 22, 06 - August 22, 13, the semi-annual coupon indexed at the inflation rate, 9.10 % APR for the reporting coupon period; 30/360), and the tenth coupon interest on its bonds KZ2CKY05B448 (KKAGb1; KZT1, KZT4.0 bn; February 18, 05 - February 18, 10, the semi-annual coupon indexed at the inflation rate, 10.10 % APR for the last coupon period; 30/360).
Previously KASE published similar news:
- KASE news of March 5, 2010 "Kazakhstan Kagazy delays payment of 7th coupon on bonds KZPC2Y07C024 (KKAGb3)" - http://www.kase.kz/en/news/show/1097693
- KASE news of March 5, 2010 "Kazakhstan Kagazy delays payment of 10th coupon and principal on bonds KZ2CKY05B448 (KKAGb1)" - http://www.kase.kz/en/news/show/1097692
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