Kazakhstan news for March 09, 2010

In this issue:

2 Corporate news
2 Kazakhstan to audit Karachaganak venture
2 Max Petroleum pays bond interest in cash
2 Samruk-Kazyna to support Astana Finance
2 Upcoming events
3 Industry news
3 Aktau gains 2% in freight volumes in January-February, at 2.2 m tons
3 Agriculture Minister informed President of results of activity of department for 2009
4 Politics and Economics
4 Economy Ministry to bring two bills in Parliament
4 President's decree confirms standards of rendering of state services by National Bank
5 KASE & Market wrap
6 AFS-Research productline
7 AFS Research services
 

Max Petroleum pays bond interest in cash
 

Kazakhstan-focused Max Petroleum has made a March interest payment due on its $75m convertible bonds in cash, electing not to convert the payment into additional principal on the bonds.
As a result, the bondholders' potential right to receive warrants to subscribe for 30m ordinary shares at an exercise price of 5p has lapsed. (05/03/2010 bfnnews.com)
 

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