OREANDA-NEWS. April 26, 2010. Alliance Bank (Almaty) informed Kazakhstan Stock Exchange (KASE) - ALB Finance B.V. (Rotterdam) delayed payment of the eighth coupon interest on termless international bonds XS0251702618 (KASE, buffer category', ASBNe3; USD150.0 m; circulation from 19.04.06, semiannual coupon 9.375 % APR, 30/360), reported the press-centre of KASE.

According to the prospectus ALB Finance B.V. had to pay the interest April 19, 2010.

Alliance Bank informed:

Quotation begins

Herewith Alliance Bank (the Bank) informed - on April 19, 2010 the Bank failed to pay interest on international bonds (ISIN code XS0251702618, ALB Finance B.V.) as the Almaty special finance court's decision No. 2-21/2009 dated September 18, 2009 on the Alliance Bank restructuring had come into force. The decision prescribed not paying due interest and principal to creditors, whose debt claims were supposed to be restructured. The mentioned bonds are to be
restructured. According to the restructuring plan the bank stopped to accrue interests on the restructured bonds beginning November 26, 2009.