As of November 13, 2015 bonds KZP01Y20C023 (KZ2C00000263, KKAGb2), KZP02Y22C027 (KZ2C00000271, KKAGb3) and KZ2C0Y20D116 (KZ2C00000255, KKAGb4) of Kazakhstan Kagazy removed from KASE official list
13.11.15 18:22
/KASE, November 13, 15/ – Following a decision of Kazakhstan Stock Exchange
(KASE) Listing Commission, as of November 13, 2015 the following bonds of
Kazakhstan Kagazy JSC (Almaty region):
- KZP01Y20C023 (KZ2C00000263, KASE official list, category "other debt
securities", KKAGb2; KZT1.12, KZT3.5 bn; April 7, 2006 – March 18, 2026,
floating semi-annual coupon, 13.00 % APR for the current coupon period;
30/360);
- KZP02Y22C027 (KZ2C00000271, KASE official list, category "other debt
securities", KKAGb3; KZT1.13, KZT3.5 bn; August 22, 2006 – March 18,
2028, floating semi-annual coupon, 13.00 % APR for the current coupon
period; 30/360);
- KZ2C0Y20D116 (KZ2C00000255, KASE official list, category "other debt
securities", KKAGb4; KZT117.87, KZT12.0 bn; August 29, 2008 – February 25,
2028, floating semi-annual coupon, 13.00 % APR for the current coupon
period; 30/360).
In KASE conclusion of November 4, 2015 it is said that Kazakhstan Kagazy JSC
committed default on payment of the ninth coupon interest (from March 18, 2015
to September 17, 2015) on the mentioned bonds.
In accordance with sub-item 1) of item 14 of the Requirements for issuers and
their securities (being) admitted to circulation on the stock exchange, as well
as for particular categories of the stock exchange list, approved by Resolution
No. 189 of Management Board of National Bank of Republic of Kazakhstan dated
October 22, 2014 (Requirements) default by an issuer on payment of interest on
his bonds is a reason for transfer of his debt securities into the "buffer"
category of KASE official list.
In accordance with item 18 of Requirements Kazakhstan Kagazy JSC on October 30,
2015 provided an Action Plan on removal of reasons for transfer of its bonds
into the "buffer category" of the stock exchange's official list, approved by a
decision of its Board of Directors on October 29, 2015 (Action Plan).
Following the sa