KASE Prohibits Using Alternative Finance Securities as Repo Subjects
OREANDA-NEWS. March 15, 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 Alternative finance (Almaty) are prohibited for use as repo transaction subject, executed by the "nego" method, reported the press-centre of KASE:
1. common shares KZ1C50310016 (KASE official list second category, ALLZ);
2. bonds KZPC1Y05C145 (KASE official list Non-rated Debt Securities second subcategory, ALLZb1).
This decision was made due to non-payment by Alternative finance of the seventh coupon interest on its bonds KZPC1Y05C145 (KASE official list Non-rated Debt Securities second subcategory, ALLZb1; KZT1, KZT2.5 bn; August 22, 06 - August 22, 11, the semi-annual coupon 9.50 % APR; 30/360).
Previously KASE published the news of March 10, 2010 "Alternative finance (Kazakhstan) delays payment of the 7th coupon on bonds KZPC1Y05C145 (ALLZb1)" - http://www.kase.kz/en/news/show/1097947
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