Caspi Limited intends to pledge assets worth KZT2.6 bn

19.09.14 18:25
/KASE, September 19, 14/ – Caspi Limited LLP (Atyrau, hereinafter – the organization), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote ... of an intention together with Aktau Development Company LLP to conclude an Agreement on Funding with Islamic Bank "AL Hilal" JSC and pledging as the second sequence collateral of immovable property situated on a 0.5395 ha plot of land at d-2B Azattyk ave., Atyrau, Republic of Kazakhstan, cadastral number 04:066:025:527: 1. Date of the organization body's decision to pledge assets of the organization: decision of the sole partner of September 3, 2014 2. Date of pledging of the organizations' assets and term of pledging of the assets: Collateral agreement as of the date of information provision was not concluded. Collateral term – 5 years; 3. Market value of assets of the organization being pledged: KZT2,608,927,240 or USD14,276,717 4. Date of the most recent valuation of assets being pledged: May 26, 2014 5. Percentage ratio of assets being pledged to the total value of assets of the organization: 14%. unquote [2014-09-19]