/IRBIS, November 20, 2008/ - In September the default was announced on
infrastructural bonds of Doszhan Temir Zholy JSC, which is building a railway
line Shar - Ust-Kamenogorsk within the frames of concession agreement
with the Government of Republic of Kazakhstan due to nonpayment of
coupon interest for 2008 by the issuer.
In two months, November 13, 2008 ATFBank JSC, as the representative of
Batys Tranzit bondholders` interests, informed on cash deficit for forthcoming
annual coupon interest payment on placed infrastructural bonds on March
30, 2009 by the results of issuer's financial status examination.
Batys Tranzit JSC also within the frames of concession agreement is building
inter-regional power transmission lines "North Kazakhstan - Aktobe region".
In this regard, analysts participated in the current expert interview of IRBIS
Information Agency of Financial Markets, estimated outlooks of further state-
private collaboration development in Kazakhstan on the basis of concession
agreement.
More detailed information on expert interview, dated November 20, 2008 is
available at
http://www.kase.kz/files/mix/exp_201108.pdf.
The expert interview is conducted weekly on the basis of the most acute questions
of domestic and world markets development. Participants of the interview are
experts of leading Kazakhstan professional participants of financial markets.
For additional information: Tel.: (727) 237 53 41, 237 53 28
[2008-11-20]