/KASE, August 11, 10/ - ATFBank (Almaty), a representative of holder of
infrastructural bonds KZ2CKY23B672 (KASE official list Non-rated Debt
Securities second subcategory, DTJLb1; KZT1,000, KZT30.0 bn; August 2, 05 -
August 2, 28, the semi-annual coupon indexed at the inflation rate, 8.85 %
APR for the reporting coupon period, 30/360) of Doszhan Temir Zholy (DTZ)
(Almaty), informed Kazakhstan Stock Exchange (KASE) by the official letter:
quotation starts
By letter #478 of August 9, 2010, the Issuer notified the Bank on impossibility
to observe Doszhan Temir Zholy (DTZ) bonds issue prospectus in terms of
obligations on an interest payment for the fifth coupon period (August 2009 -
August 2010) due to funds shortage.
According to the Issuer message at present under the Government approved
funding scheme, National Welfare Fund Samruk-Kazyna is considering the issue
related to allocation of the 2010-2012 national budget funds to Doszhan Temir
Zholy (DTZ) for further financing of DTZ, including the debt service.
quotation ends
according to mentioned bonds issue prospectus, Doszhan Temir Zholy (DTZ)
was to pay this interest on August 2-13, 2010. The issue prospectus stipulates
that "in case of default the Company pays bonds holders a penalty for each day
of delay at the official refunding rate of the National Bank of the Republic of
Kazakhstan on the obligations fulfillment day".
We remind that Doszhan Temir Zholy (DTZ) issued mentioned bonds to raise
funds for the project "Construction and exploitation of new railway "Station
Shar - Ust-Kamenogorsk".
Below are links to similar news:
- KASE news of May 18, 2010 "Doszhan Temir Zholy (DTZ) (Kazakhstan)
repaid the 4th coupon debt on bonds KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1104393
- KASE news of August 19, 2009 "Doszhan temir zholy (DTZ) (Kazakhstan)
delays payment of 4th coupon on bonds KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1081230
At present 11 companies, securities of which are listed 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.
[2010-08-11]