Caspi Limited intends to pledge assets worth KZT5.5 bn

23.10.14 18:22
/KASE, October 23, 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 to conclude an Agreement on Funding with Kazinvestbank JSC and pledging as collateral (re-pledge) of immovable property situated on a 1.7320 ha plot of land at 1 Smagulov str., Atyrau, Republic of Kazakhstan: 1. Date of the organization body's decision to pledge assets of the organization: decision of the sole partner of October 13, 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 – 36 months 3. Market value of assets of the organization being pledged: KZT5,567,572,919, or USD30,607,878; 4. Date of the most recent valuation of assets being pledged: October 9, 2014 5. Percentage ratio of assets being pledged to the total value of assets of the organization: 30%. unquote [2014-10-23]