/KASE, November 2, 10/ - EKOTON+ (Astana) informed Kazakhstan Stock
Exchange (KASE) by the official letter on delay of the eighth coupon interest
payment on bonds KZ2C0405C218 (KASE official list buffer category, EKTNb1;
KZT100, KZT1.0 bn; October 16, 06 - October 16, 11, the semi-annual coupon
10.00 % APR; 30/360).
According to these bonds issue prospectus EKOTON+ was to pay this interest
on October 16-29, 2010.
In the letter EKOTON+ informed that:
quotation starts
...an issuer has unpaid debt in the size of KZT98390000 on October 16, 2010.
At present, the issuer negotiates with bonds holders the change in terms of
bonds issue related to circulation period and past-due interest payment.
Based on the above stated and considering the issuer difficulties, the order
and terms of repayment will be agreed on with bonds holders.
quotation ends
Previously KASE published news of April 28, 2010 "EKOTON+ (Kazakhstan)
delays payment of the 7th coupon on bonds KZ2C0405C218 (EKTNb1)" -
http://www.kase.kz/en/news/show/1102630
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.
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.
[2010-11-02]