/KASE, February 1, 2018/ – Investment House Fincraft (Almaty), the representative
of holders of bonds KZ2C0Y19C805 (KZ2C00000743, ABDIb1) of ABDI Company (Almaty),
has informed Kazakhstan Stock Exchange (KASE) by an official letter of the
following:
quote
"Investment House "Fincraft" JSC (hereinafter, RB (Representative of Bondholders))
(NIN: KZ2C0Y19C805) of ABDI Company (hereinafter, the Issuer) reports on the
technical default on the payment of the first part of the principal.
Under the terms of the Bonds Issue Prospectus and registered amendments thereto
..., the Issuer was supposed to pay coupon in the amount of KZT268,122,989.67 for
the relevant period before January 17, 2018 and to pay to bondholders for the
first stage of repayment of the principal for the amount of KZT1,227,947 th.
...
Thus, the RB reports that the Issuer has not fulfilled its obligations by
January 27, 2018, which means the occurrence of default on bonds with NIN:
KZ2C0Y19C805.
...
We further inform that the Issuer decided to convene the General Meeting of
bondholders on February 16, 2018. One of the issues on the agenda will be the
consideration of the proposal to amend the schedule of repayment of the principal.
unquote
Full version of the letter is available (in Russian) at
http://kase.kz/files/emitters/ABDI/abdi_defolt.pdf
KASE reminds that these bonds were removed from KASE official list in August
27, 2012.
[2018-02-01]