/KASE, June 17, 09/ - ISKE SAT COMPANY (Almaty) informed Kazakhstan
Stock Exchange (KASE) by the official letter on delay of payment of the fourth
coupon interest on its bonds KZ2C0Y07C321 (KASE official list, the second
subcategory of "Non-rated Debt Securities" category, ISKEb1; KZT1,000, 1,0 bn;
December 15, 06 - December 15, 13, the semi-annual coupon 10.00 % APR;
30/360).
According to the mentioned bonds issue prospectus ISKE SAT COMPANY must
have been paid this interest on December 15-24, 2008. The issue prospectus
stipulates that "in case of non-payment of an interest (coupon) and/or its
principal debt within a period, set forth by this prospectus, an Issuer must pay
to this issue bonds holders a fine for each day of delay, accrued based on the
official refunding rate of the National Bank of the Republic of Kazakhstan on the
day of the monetary obligations fulfillment or its part, but not less than 10%
from the amount unpaid".
In the letter ISKE SAT COMPANY informed that:
quotation start
Hereby, ISKE SAT COMPANY informs on inability to fulfill its obligations on the
coupon payment till June 20, 2009. We notify that the coupon payment terms will
be delayed till July 20, 2009, due to expected from shareholders funds.
quotation end
Below are references to similar documents:
- KASE news of May 25, 2009 "ISKE SAT COMPANY (Kazakhstan) delays
payment of the 4th coupon on bonds KZ2C0Y07C321 (ISKEb1) till June 22,
2009" -
http://kase.kz/en/news/show/1074644
- KASE news of April 23, 2009 "ISKE SAT COMPANY (Kazakhstan) delays
payment of 4th coupon on bonds KZ2C0Y07C321 (ISKEb1) till May 20, 2009"
-
http://kase.kz/en/news/show/1072214
- KASE news of March 16, 2009 "ISКЕ SAТ COMPANY" (Kazakhstan) delays
payment of 4th coupon on bonds KZ2C0Y07C321 (ISKEb1) up to April 20,
2009" -
http://kase.kz/en/news/show/1069095
- KASE news of February 20, 2009 "ISKE SAT COMPANY (Kazakhstan)
intends to repay debt on payment of 4th coupon to holders of
KZ2C0Y07C321 (ISKEb1) before March 15, 2009" -
http://kase.kz/en/news/show/1067372
- KASE news of January 30, 2009 "ISКЕ SAТ COMPANY (Kazakhstan) intends
to repay debt on payment of 4th coupon to holders of KZ2C0Y07C321
(ISKEb1) before February 20, 2009" -
http://kase.kz/en/news/show/1069106
- KASE news of December 26, 2008 "ISKE SAT COMPANY (Kazakhstan)
failed to fulfill obligations to holders of bonds KZ2C0Y07C321 (ISKEB1) on
the 4th coupon payment" -
http://kase.kz/en/news/show/1063368
At present nine companies, securities of which are present in KASE official list,
informed on inability to fully or partially fulfill their obligations on bonds.
The lust of listed companies that defaulted on their bonds, is available on KASE
website in section "Issuers" ("default") at
http://www.kase.kz/en/emitters
KASE reminds that in compliance with the Exchange internal document "Rules of
Exchange Information Dissemination", KASE is not responsible for authenticity of
disseminated information on the Exchange members and securities issuers,
admitted to circulation on the Exchange, if this information is based on messages
and documents received by the Exchange from these members and securities
issuers in pursuance of their obligations to the Exchange. KASE does not validate
the mentioned messages and documents when developing this information.
Individuals, willing to refute the information, published in this message, must
apply to KASE by a corresponding official letter.
[2009-06-17]