KASE imposes ban on using HOMEBROKER (Kazakhstan) securities as nego repo transactions' underlying asset

14.04.14 16:53
/KASE, April 14, 14/ – Following a decision of Kazakhstan Stock Exchange (KASE) Management Board in accordance with sub-item 1) item 12 of the Rules of Repo Transactions Execution, as of April 14, 2014 a ban was imposed on using bonds KZ2C0Y08C584 (KZ2C00001253, KASE official list, second sub-category of Non-Rated Debt Securities category, KKI_b1; KZT1, KZT4.0 bn; September 7, 2007 – September 7, 2015; floating semi-annual coupon 12.00 % p.a. for the current coupon period; 30/360) of HOMEBROKER (Almaty) as underlying assets for nego repo transactions. This decision was taken following HOMEBROKER's failure to pay the 13th coupon interest on the mentioned bonds. Earlier there was a related KASE news item of April 11, 2014 "HOMEBROKER announces delay in payment of 13th coupon on bonds KZ2C0Y08C584 (KZ2C00001253, KKI_b1)" – http://www.kase.kz/en/news/show/1216852 [2014-04-14]