/KASE, February 9, 10/ - Akmola Kurlys Materialdary (Astana) informed
Kazakhstan Stock Exchange (KASE) on delay in payment of the fifth coupon
interest on bonds KZ2P0Y03C665 (KASE, "buffer category", AKKMb1;
KZT1,000, KZT5.0 bn; 12.07.07 - 12.07.10, semiannual coupon 9.00 % APR;
30/360).
According to the bond issue prospectus of the bonds Akmola Kurlys Materialdary
had to pay the interest in the period January 12 through January 25, 2010.
The prospectus specifies "in case an issuer defaults on any sum, payable to
bondholders in accordance with the terms of the Prospectus, the issuer must pay
the bondholders a fine for each day of delay, computed on the basis of the
official refinance rate set by the Kazakhstan National Bank as on the day of
compliance with the money obligation or a part of it".
In the letter dated February 8, 2010 Akmola Kurlys Materialdary informed:
Quotation begins
As on the current date there are 2,607,918 bonds placed. Astana-Finance is the
only bondholder. Currently we are restructuring the bond debt with Leasing
company Astana Finance.
Ends
Earlier KASE released news dated July 31, 2009 "Akmola Kurlys Materialdary
(Kazakhstan) delays payment of 4th coupon on bonds KZ2P0Y03C665
(AKKMb1)" at
http://www.kase.kz/en/news/show/1079967
Currently twelve companies listed on KASE informed of insolvency to fully or
partially comply with obligations on their bonds. The list of listing companies,
that admitted default on bonds, is available at the KASE website at section
"Issuers" ("default") at
http://www.kase.kz/en/emitters
KASE reminds in accordance with the internal document "Rules on Release of
Exchange Information" it does not assume responsibility for accuracy of the
information it spreads in regard of KASE members and issuers listed on KASE, if
such information is based on messages and documents, received from such
members and issuers in pursuance with their obligations before the Exchange. At
generation of such information KASE does not check accuracy of the messages
and documents. The person, willing to disprove the information released in this
message, must address to KASE with a corresponding official letter.
[2010-02-09]