OREANDA-NEWS. December 28, 2010. Alliance Bank (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange  (KASE), has provided KASE with the following press release of December 27, 2010:

Alliance Bank is glad to announce that on December 27, 2010 the third coupon on bonds payable out of recovered amounts was paid, totaling to USD7,787,226 or USD7.96 per bond.

The payment was effected out of recovered amounts from the pool of corporate loans and loans to small and medium-sized businesses, in accordance with the Issue Conditions for Bonds, payable out of recovered amounts. The recovered amounts were distributed proportionally amongst Holders of the Bonds, indicated in the Register of Bondholders as at the end of business day on December 24, 2010

The bonds, payable out of recovered amounts, to the amount of USD 978,059 (ISIN: according to Provision S / Rule 144A - XS0495755729 / XS0495756024), with maturity date due in 2020, were issued on March 25, 2010. Payments on the Bonds payable out of recovered amounts are made quarterly, proportionally amongst holders of the Bonds: on June 25, on September 25, on December 25 and on March 25 each year, starting from March 1, 2010 to March 24, 2017.