/KASE, May 13, 09/ - KOMBISNAB (Almaty oblast) informed Kazakhstan Stock
Exchange (KASE) the company delays payment of the second coupon interest on
bonds KZ2C0Y05D059 (KASE official list, second subcategory of Non-rated debt
securities category, KMSBb1; KZT10,000, KZT2.5 bn.; 02.07.08 - 02.07.13, four
month coupon 15.00 % APR; 30/360).
According to the prospectus of issue of the bonds KOMBISNAB had to pay the
interest in the period March 2 through March 12, 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".
KOMBISNAB informed in the letter:
Quotation beginning
Herewith Kombisnab informs it can not pay coupon interest on the placed bonds
..., according to the set term that is before May 15, 2009, through increase of
costs for raw material procurement and reconstruction of equipment. Coupon
interest shall be paid beginning June 15, 2009.
Quotation end
Below are related subject links:
- KASE news of April 9, 2009 "KOMBISNAB (Kazakhstan) delays payment of
2nd coupon on bonds KZ2C0Y05D059 (KMSBb1) till May 15, 2009" -
http://www.kase.kz/en/news/show/1071064
- KASE news of March 12, 2009 "KOMBISNAB (Kazakhstan) delays payment
of 2nd coupon on bonds KZ2C0Y05D059 (KMSBb1) till April 15, 2009" -
http://www.kase.kz/en/news/show/1068811
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]