Doszhan Temir Zholy (DTZ) (Kazakhstan announces partial repayment of fine for untimely payment of 4th coupon on its bonds KZ2CKY23B672 (KZ2C00000701, DTJLb1)
13.01.12 19:15
/KASE, January 13, 12/ - JSC "Doszhan Temir Zholy (DTZ)" (Almaty), whose
bonds are officially listed at Kazakhstan Stock Exchange (KASE), has by an
official letter informed KASE of the following:
quote
JSC "Doszhan Temir Zholy (DTZ)" (hereinafter - JSC "DTZ") informs that for
untimely fulfillment of liabilities of JSC "DTZ" on payment of interest due for
the 4th coupon period, a fine has emerged to the amount of KZT314,070,923. As a
result of negotiations with bondholders of bonds (NIN KZ2CKY23B672), treaties
were reached and agreements were signed on the delay of the fine amount
payment until September 2013 according to repayment schedules. According to
repayment schedules, JSC "DTZ" paid on December 21, 2011 to the bondholders
a fine to the amount of KZT8,099,563. As of January 1, 2012 the total amount of
repaid fine for untimely fulfillment of liabilities of JSC "DTZ" on interest
payment due for the 4th coupon period makes up KZT152,079,658, the residual debt
makes up KZT161,991,265.
unquote
[2012-01-13]