/KASE, March 10, 10/ - Alternative finance (Almaty) informed Kazakhstan
Stock Exchange (KASE) by the official letter on delay of the seventh coupon
interest on bonds KZPC1Y05C145 (KASE official list Non-rated Debt Securities
second subcategory, ALLZb1; KZT1, KZT2.5 bn; August 22, 06 - August 22, 11,
the semi-annual coupon 9.50 % APR; 30/360).
According to these bonds issue prospectus Alternative finance was to pay the
interest on February 22 - March 5, 2010.
In the letter Alternative finance informed that:
quotation starts
Hereby, we inform on non-payment of the seventh (next) coupon interest on
bonds - KZPC1Y05C145 in the size of KZT29,542 th. with the period of payment
February 22 - March 5, 2010. The supposed maturity date is March 10, 2010.
In compliance with item 8 of article 31 of the Law of the Republic of Kazakhstan
"On Securities Market" Alternative finance shall repay holders the forefeit.
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At present twelve companies, securities of which are present in KASE official
list, informed on inability to fully or partially fulfill their obligations on
bonds. Listed companies defaulted payment on bonds is available on KASE website
in section "Issuers" ("default") at address
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.
[2010-03-10]