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JSC Astana Finance (the Company) is pleased to announce that it has signed a Memorandum of Understanding (the MoU) with each of the export credit agencies listed below (the ECAs), outlining the indicative terms for the restructuring of its trade finance indebtedness and that of JSC Astana Finance Leasing Company (the Leasing Company).
JSC Astana Finance (on behalf of itself and its subsidiary Astana Finance BV) is pleased to announce that it has entered into a Term Sheet (Term Sheet) with its creditors' committee (the Creditors' Committee) outlining the terms for the proposed restructuring of its financial indebtedness (the Restructuring).
JSC Astana Finance (on behalf of itself and its subsidiary Astana Finance BV) entered into a Memorandum of Understanding (MoU) with its creditors committee (the Creditors' Committee) on Friday, 16 October 2009 setting out indicative terms to be offered to creditors in a proposed restructuring. A copy of the MoU can be found at: http://www.af.kz/en/press/news/2009/10/16/563/.
Astana Finance (on behalf of itself and its subsidiary Astana Finance BV) entered into a Memorandum of Understanding with its creditors committee (the Creditors' Committee) on Friday, 16 October 2009 setting out indicative terms to be offered to creditors in a proposed restructuring.
JSC Astana Finance signs a Memorandum of Understanding with its Creditors' Committee to restructure Astana Finance's financial indebtedness
SC Astana Finance (hereafter Astana Finance or the Company), on behalf of itself and Astana Finance B.V., is pleased to announce that, as of 24 August 2009, it has engaged Ernst and Young Advisory LLP (hereafter Ernst and Young) as its restructuring adviser to assist with the implementation of the Company's debt obligations restructuring process. Ernst and Young has replaced J.P. Morgan Securities Ltd.
Further to the press release dated 14 July 2009, please see below a link to a presentation prepared by the senior management of JSC Astana Finance (hereafter the Company) in relation to the current status of the Company's financial restructuring
Meeting/ Conference call for JSC Astana Finance investors and creditors on 16 July 2009 JSC Astana Finance invites you to participate in a meeting/ conference call with the Company's senior management to discuss the current status of its financial restructuring. The meeting/ conference call will take place on Thursday, 16 July 2009 at 3pm London time. The Arranger of the meeting (conference call) is Financial Advisor to the Company - JP Morgan.
Based on the decision of the Board of Directors Astana Finance notifies about voluntary return of licenses
Further to the press release dated 19th May, JSC Astana Finance (hereafter Astana Finance or the Company) would like to inform creditors of the following. A list of Questions and Answers will be published on the Company`s website today, addressing the main questions raised by investors following the announcement of the suspension of payments and to outline the next steps.
Due to the recent deterioration in the financial condition of JSC Astana Finance, further exacerbated by a number of ratings downgrades, Astana Finance and Astana Finance B.V. today announce their decision to suspend payments of interest and principal on their international obligations and, in the case of Astana Finance, to suspend principal payments on certain of its domestic obligations, as of 15 May 2009 in each case. This suspension of payments also affects certain obligations that recently became due and payable as a result of the ratings downgrades.
Astana Finance JSC informs its bondholders about the fourth issue bonds coupon rate (HNH KZ2CKY07B162) of 11,2 % paid annually for a new coupon period starting from May 18, 2009 to November 18, 2009. For more information, please, contact: Astana, SaryArka district, 12 Bigeldinova, tel. 59-29-30.
Astana Finance JSC (hereinafter "Company") hereby notifies its shareholders about the Board of Directors’ resolution to sell the Company’s additional common stocks under the previously placed common stocks by means of subscription at a non-organized stock market. (The resolution of the Board of Directors dated April 17, 2009). According to the Article 16 of the Law of the Republic of Kazakhstan "About the joint stock companies", shareholders, who possess the Company’s common stocks, have a preferential right to purchase the common stocks at a sale price set up by the Company’s Board of Directors. The list of shareholders who have a preferential right to buy common stocks has been composed by the Register of the Company based on the Company’s Shareholders Data System at 12:00 AM April 17, 2009.
If Astana Finance is among the shareholders of UlarUmit, it plans to focus on strengthening the financial situation of the Fund by making additional capital injections to the Fund’s equity capital, thus, keeping its leading positions in Kazakhstan market and being among three leaders in the pension market.
If Astana Finance is among the shareholders of UlarUmit, it plans to focus on strengthening the financial situation of the Fund by making additional capital injections to the Fund’s equity capital, thus, keeping its leading positions in Kazakhstan market and being among three leaders in the pension market.
If Astana Finance is among the shareholders of UlarUmit, it plans to focus on strengthening the financial situation of the Fund by making additional capital injections to the Fund’s equity capital, thus, keeping its leading positions in Kazakhstan market and being among three leaders in the pension market.
Large shareholders of Ular Umit Pension fund JSC – which are the Terminal LLP and The Company VneshInvest LLP, and also the sole shareholder of the Zhetysu - MMA Holding LLP; they claim that the information in the press-release of Kazkommertzbank was untrustworthy. The untrustworthy information is that, as a non-controlling shareholder of the Fund and the company managing the Fund’s assets – Zhetysu Pension Asset Management Company (the Company), the Bank was unable to influence decisions made by the Fund and the Company.
Large shareholders of Ular Umit Pension fund JSC – which are the Terminal LLP and The Company VneshInvest LLP, and also the sole shareholder of the Zhetysu - MMA Holding LLP; they claim that the information in the press-release of Kazkommertzbank was untrustworthy. The untrustworthy information is that, as a non-controlling shareholder of the Fund and the company managing the Fund’s assets – Zhetysu Pension Asset Management Company (the Company), the Bank was unable to influence decisions made by the Fund and the Company.
16 February 2009, JSC "Astana Finance" successfully redeemed all its liabilities on 3-year debut Eurobonds with a coupon of 7,625% for the total amount of US 125 million dollars. JP Morgan Securities LTD and JSC "TuranAlem Securities" were overseeing this transaction.
JSC Astana Finance Board of Directors notifies that a special shareholders’ meeting will be held on March 2, 2009 at 15.00 (Astana time) at the following address: Republic of Kazakhstan, Astana, Bigeldinova St, 12.
The business edition "Exclusive" published the rating of 50 best companies, which are doing their businesses in Kazakhstan. This project has been implemented by the research group over the five years and it included the pooling, focused group questionnaires among the senior and top level management.
updated 19.11.2009