/KASE, May 13, 09/ - EL-DOS (Almaty) informed Kazakhstan Stock Exchange
(KASE) the company partially pays the tenth coupon interest on bonds
KZ2CKY05B182 (ELDSb1; KZT1, KZT700.0 m.; 06.05.04 - 06.05.09,
semiannual coupon indexed to inflation rate, 15.00 % APR as for the last coupon
period; 30/360).
According to the prospectus of issue of the bonds EL-DOS had to pay the
principal and the interest in the period May 6 through May 13, 2009. The
prospectus specifies "in case of default of incomplete payment of interest or
principal through fault of the Issuer in the terms set by the Prospectus, the
Issuer must pay to bondholders of the issue fine for each day of delay,
calculated on the basis of the official refinancing rate of the National Bank
of the Republic of Kazakhstan as on the day of compliance with money obligations
or its part".
EL-DOS informed KASE of the following:
Quotation beginning
... on May 12, 2009 the company began to pay coupon interest to holders of
name bonds KZ2CKY05B182 ... The sum of accrued coupon interest is
KZT44,427,328.50, payments as on May 13, 2009 amounted to
KZT15,400,099.70. Delay in coupon payment is related to debtors violating terms
of debt payment.
Currently the Company is in talks with debtors and banks regarding attraction of
money for payment of the main debt, the principal is planned to be paid May 31,
2009.
Quotation end
It was informed the bonds were de-listed from KASE through end of circulation
term on May 6, 2009.
For time being nine companies listed on KASE informed on insolvency to fully
or partially comply with its obligations on bonds. The list of companies
defaulted on bonds is available at the KASE website in section "Issuers"
("default") at:
http://www.kase.kz/en/emitters
KASE reminds that according to its internal document "Rules on exchange
information disclosure" it incurs no responsibility for authenticity of the
information it spreads on KASE members and issuers admitted to circulation on
KASE, provided such information is based on messages and documents arriving from
such members and issuers in pursuance with obligations before KASE. At
generation of such information KASE shall not check authenticity of the
messages and documents. A person, willing to disprove the information released
in this message, must appeal to KASE with a corresponding official letter.
[2009-05-13]