/KASE, June 5, 09/ - ROSA (Pavlodar) informed Kazakhstan Stock Exchange
(KASE) the company will delay payment of the sixth coupon on bonds
KZ2CKY05C040 (KASE official list, second subcategory of Non-rated debt
securities, ROSAb2; KZT1,000, KZT1.8 bn.; 18.05.06 - 18.05.11, semiannual
coupon indexed to inflation rate, 11.00 % APR as for the reporting coupon period;
30/360).
The prospectus of issue of the bonds of ROSA says the company had to pay the
coupon interest in the period May 18 through 29 May 2009. The prospectus says
"in case the issuer fails to pay or pays incompletely interest and/or principal
of the bond at maturity the issuer then must pay bondholders the amount due and
fine for each day of delay, based on the official refinance rate of the
Kazakhstan National Bank as on the day the obligations are due".
ROSA informed of the following:
Quotation beginning
To avoid default we requested our bondholders to approve postponement of
payment till September 1, 2009. No objections were received from bondholders
so far.
Quotation end
At the time being ten companies, listed on KASE, informed on insolvency to
fully or partially comply with obligation on the bonds. The list of defaulted
companies 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.
[2009-06-05]