OREANDA-NEWS. October 13, 2010. By Kazakhstan Stock Exchange (KASE) Listing Commission decision the following bonds of Astana-Finance (Astana) are removed from KASE official list, reported the press-centre of KASE:

- KZ2CKY07B162 (ASFIb4; KZT100, KZT 2.0 bn; May 18, 2004 - May 18, 2011; semi-annual coupon indexed at the inflation rate, 9.90 % APR for the current coupon period; 30/360);

- KZPC2Y07B505 (ASFIb6; KZT100, KZT2,0 bn; June  22, 2005 - June 22, 2012, semi-annual coupon indexed at the inflation rate, 9.20 % APR for the current coupon period; 30/360);

- KZPC1Y10B634 (ASFIb7; KZT100, KZT8.0 bn; June 30, 2005 - June 30, 2015, semi-annual coupon indexed at the inflation rate, 9.20 % APR for the current coupon period; 30/360);

- KZPC1Y05B725 (ASFIb8; KZT100, KZT500.0 m; May 12, 2006 - May 12, 2011; semi-annual coupon 6.00 % APR; 30/360);

- KZPC2Y15B722 (ASFIb9; KZT100, KZT9.0 bn; May 12, 2006 - May 12, 2021; semi-annual coupon 8.00 % APR; 30/360);

- KZPC3Y10B721 (ASFIb10; KZT100, KZT500.0 m; September 28, 2006 - September 28, 2016; semi-annual coupon 7.50 % APR; 30/360);

- KZPC1Y10C202 (ASFIb11; KZT100, KZT10.0 bn; September 28, 2006 - September 28, 2016; semi-annual coupon 7.50 % APR; 30/360);

- KZPC3Y12C253 (ASFIb12; KZT100, KZT8.0 bn; March 29, 2007 - March 29, 2019; semi-annual coupon 7.80 % APR; 30/360);

- KZPC2Y15C258 (ASFIb15; KZT100, KZT8.0 bn; March 25, 2008 - March 25, 2023; semi-annual coupon indexed at the inflation rate, 8.80 % APR for the current coupon period; 30/360);

- KZP01Y15D013 (ASFIb16; KZT100, KZT30.0 bn; May 19, 2008 - May 19, 2023; semi-annual coupon indexed at the inflation rate, 9.40 % APR for the current coupon period; 30/360);

- KZP03M42C539 (ASFIb17; KZT100, KZT21,875.0 m; May 14, 2008 - November 14, 2011; semi-annual coupon 9.0956 % APR; 30/360);

- KZP08Y10C532 (ASFIb22; KZT100, KZT10.0 bn; August 29, 2008 – August 29, 2018; semi-annual coupon 11.00 % APR; 30/360);

- KZP02Y03D017 (ASFIb23; KZT100, KZT5.0 bn; August 29, 2008 – August 29, 2011; semi-annual coupon indexed at the inflation rate, 9.00 % APR for the current coupon period; 30/360);

- KZP03Y05D010 (ASFIb24; KZT100, KZT5.0 bn; August 29, 2008 – August 29, 2013; semi-annual coupon indexed at the inflation rate, 9.00 % APR for the current coupon period; 30/360).

In KASE conclusion of October 4, 2010 it is pointed out that as of the given date Astana-Finance has not completed restructuring its liabilities and has not  completed measures to liquidate causes for the transfer of the said bonds into the "buffer category".

According to Astana-Finance's audited Y2009 financial statements, its authorized capital as of December 31, 2009 was negative (KZT-165.6 bn), which does not comply with the listing requirements for the first and second sub-categories of Non-rated Debt Securities category set forth by sub-items 5) of items 10 and 11 of Appendix to Order # 04.2-09/11 - 9 of May 8, 2008 by Chairman of the Agency of the Republic of Kazakhstan on Regulation of Activities of the Regional Financial Centre of Almaty "On Requirements for Issuers, whose Securities are Admissible or Admitted to the Official List of the Special Trading Floor of the Regional Financial Center of Almaty, and for such Securities". Deloit's report  on Astana-Finance's consolidated financial statements contains refusal to express opinion based on the fact that due to Astana-Finance's liabilities restructuring being not finished there is uncertainty in terms of fulfilling the continuous functioning principle.
                                                                                  
According to item 13-9 of the said Appendix the maximum term for presence of securities in the "buffer category" is 12 months, for Astana-Finance this term expired on October 2, 2010.

In accordance with sub-item 7) of item 13-16 of the said Appendix due to failure to remove causes for the transfer of the mentioned bonds into the "buffer category" in time set forth by item 13-9 of the said Appendix, these bonds were removed from KASE official listing.