/KASE, October 2, 09/ - ATFBank (Almaty), a representative of holders of
infrastructure bonds KZ2CKY23B672 (KASE, "buffer category", DTJLb1;
KZT1,000, KZT30.0 bn; 02.08.05 - 02.08.28, semiannual coupon indexed to
inflation rate, 19.95 % APR as for the reporting coupon period, 30/360) of
Doszhan temir zholy (DTZ) (Almaty), informed KASE "taking into account the
situation and the delay on compliance with obligations, the Representative
notifies bondholders the State has to beginning guarantee procedures and sent to
the Kazakhstan Finance Ministry, ..., a requirement on compliance with
obligations assumed thereby".
Letter of ATFBank dated October 2, 2009 No. 06.03/12823 is available at the
KASE website at
http://www.kase.kz/files/mix/atfb_letter_09_10_02.pdf
The bonds were issued by Doszhan temir zholy (DTZ) to receive funds for the
Shar - Ust-Kamenogorsk railway project'.
Links to related documents:
- KASE news released August 19, 2009 "Doszhan temir zholy (DTZ)
(Kazakhstan) delays payment of 4 th coupon on bonds KZ2CKY23B672
(DTJLb1)" -
http://www.kase.kz/en/news/show/1081230
- KASE news released August 17, 2009 "ATFBank: Doszhan temir zholy (DTZ)
delays payment of 4th coupon on bonds KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1081033
- KASE news dated August 13, 2009 "ATFBank informs on steps Doszhan
temir zholy takes to avoid default on payment of 4th coupon on bonds
KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1080822
- KASE news dated August 4, 2009 "ATFBank informs on shortage of money
at Doszhan temir zholy (Kazakhstan) for payment of 4th coupon on bonds
KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1080122
At the time being thirteen companies, listed on KASE, informed on insolvency
to partially or fully comply with obligations on bonds. The list of listing
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.
[2009-10-02]