/KASE, April 14, 11/ - Kazakhstan Kagazy (Almaty region), whose bonds are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press-release пресс-релиз от 14 апреля 2011 года, в котором
сообщается следующее:
quote
Kazakhstan Kagazy JSC (hereinafter referred to as the "Group" or "Kagazy")
informs that restructuring of all its 4 bond issues has been fully completed.
The Bond restructuring represents a land mark in the history of the Kazakh
financial system. A significant extension of maturity of the Group's liabilities
has been agreed upon with bondholders.
Total amount of restructured bonds is KZT15,212 mln. that makes 44% of total
financial liabilities of the Group. A summary of the revised terms is shown
below:
------------------------------------------------------------------
KZT million Old New Old New
Maturity Maturity Coupon Nominal
Coupon
-------------- ------------- -------- -------- ----------- -------
First issue 4,000 2010 2015 to 10.1% 6%
(KZ2CKY05B448) 2018
Second issue 3,500 2011 2026 CPI + 1.5%, 13%
(KZPC1Y05C020) max 12%
Third issue 3,500 2013 2026 CPI + 1.5%, 13%
(KZPC2Y07C024) max 12%
Fourth issue 12,000 2013 2028 12 13%
(KZ2C0Y05D117)
------------------------------------------------------------------
The Group's Second Third and Fourth Issues were readmitted to trading on the
Kazakhstan Stock Exchange ("KASE") on April 1, 2011. The First Issue ceased
being a bond when it matured in 2010, and is no longer a tradable security and
has become a series of contractual financial obligations with each of the
previous First Issue bond holders.
unquote
The full version of this press-release is available on the KASE website, at:
-
http://www.kase.kz/files/emitters/KKAG/kkag_reliz_140411.pdf - in Russian;
-
http://www.kase.kz/files/emitters/KKAG/kkag_reliz_140411_eng.pdf - in
English.
[2011-04-14]