OREANDA-NEWS. April 13, 2010. The Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations (FSA) presented Kazakhstan Stock Exchange (KASE) with a copy of resolution of FSA Board "On suspension of placement of coupon uncollateralized bonds of Kazakhstan Kagazy" No. 52, reported the press-centre of KASE.

According to the document FSA resolved:

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1. To suspend placement of the second issue of coupon uncollateralized bonds of Kazakhstan Kagazy in the amount of 120,000,000 bonds with KZT100 nominal value for a total of KZT12,000,000,000, registered with the Agency on August 1, 2008 No. D11, as the company failed to pay interest on coupon bonds placed earlier.

2. The resolution is effective on the day of approval.

FSA informed that according to the second passage of item 2 of article 25 of the Law of the Republic of Kazakhstan "On Securities Market", Kazakhstan Kagazy's registrar Registrator Zerde (Almaty), and Central Securities Depository (Almaty) must suspend register deals on placement of securities after release of decision from the authorized agency on suspension of placement of securities.