/KASE, April 11, 14/ – HOMEBROKER (Almaty), whose bonds are officially listed
on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of
delaying the payment of the 13th coupon interest on its bonds KZ2C0Y08C584
(KZ2C00001253, KASE official list, second sub-category of Rated Debt Securities
category, KKI_b1; KZT1, KZT4.0 bn; September 7, 2007 – September 7, 2015,
floating semi-annual coupon, 12.00 % p.a. for the current coupon period;
30/360).
According to the issue prospectus of the mentioned bonds, HOMEBROKER was due to
pay this interest in the period from March 7 to 21, 2014.
In its letter HOMEBROKER announces as follows:
quote
HOMEBROKER has committed default on payment of the coupon interest for the
period from September 7, 2013 to March 7, 2014 due to an impossibility for
HOMEBROKER to serve its obligations.
In accordance with the Prospectus of bond issue the interest payment was due
before March 26, 2014.
The default on bonds occurs in case of failure to pay or pay in full the coupon
interest and/or principal debt bonds within 10 working days, from the day
following the end of terms set in the bond issue prospectus for interest
(coupon) and principal debt payment. Default date – April 11, 2014.
Amount due on coupon interest as of March 7, 2014: KZT178,353,412.08
Remainder of the principal debt due, thousand tenge:
KZT178,789,387.09, including accumulated coupon as of March 7, 2014 and fine on
the unpaid coupon to the amount of the refinancing rate for the period from
March 26, 2014 to April 11, 2014.
Bondholders may request an early redemption turning to the Issuer with a written
request. A bondholder files a request in free form with indication of bank
details of the bondholder (legal and actual address, telephones, e-mails, bank
details, TRN, ID data for individual). All rights of the bondholders and
protection of their interests will be carried out in compliance with the
legislation of the Republic of Kazakhstan.
As measures the Issuer undertook to protect the rights of bondholders to income
and principal debt on bonds HOMEBROKER suggested to substitute its bonds for
bonds of another issuer listed in the premium category of Kazakhstan Stock
Exchange.
unquote
The list of listed companies that committed default on its bonds is available on
KASE website in section "Instruments and issuers" – "Corp. issuers" (tab
"default") at
http://www.kase.kz/en/emitters
[2014-04-11]