ATFBank Advanced Claim to Kazakhstan Ministry of Finance
OREANDA-NEWS. September 15, 2010. ATFBank (Almaty, hereinafter - the Bank) a representative of holder of infrastructural bonds KZ2CKY23B672 (KASE official list Non-rated Debt Securities second subcategory, DTJLb1; KZT1,000, KZT30.0 bn; August 2, 05 - August 2, 28, the semi-annual coupon indexed at the inflation rate, 7.45 % APR for the reporting coupon period, 30/360) of Doszhan Temir Zholy (DTZ) (Almaty), informed Kazakhstan Stock Exchange (KASE) by the official letter, reported the press-centre of KASE:
ATFBank based on Agreement #2 of July 20, 05 on representation of bonds holders interests (hereinafter - the Agreement), signed between ATFBank (hereinafter - the Bank) and Doszhan Temir Zholy (DTZ) (hereinafter – the Issuer), in addition to the Bank letter #06-03/3937 of August 16, 10 to advocate the Issuer bonds holders informs that the Bank advanced a claim to the Issuer guarantor, i.e. the Ministry of Finance of the Republic of Kazakhstan on fulfillment of undertaken obligations under the Agreement.
We remind that Doszhan Temir Zholy (DTZ) issued bonds to receive fund for the project Construction and exploitation of new railway "Station Shar - Ust- Kamenogorsk" implementation. Doszhan Temir Zholy (DTZ) defaulted payment of the fifth coupon period interest (August 2, 2009 - August 2, 2010).
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