/KASE, January 9, 09/ - Almaty distillery plant (Almaty, hereinafter - the
company) sent to Kazakhstan Stock Exchange (KASE) official letter where
explains reasons of untimely fulfillment of obligations on the third coupon
interest payment to holders of bonds KZ2C0Y05C523 (KASE official list, the second
subcategory of "Non-rated Debt Securities", ALVZb1, KZT1,000; KZT2.0 bn.; May
4, 07 - May 4, 12; the semi-annual coupon indexed on the inflation rate, 13.00 %
APR for the reporting period; 30/360).
The company must have been paid the fifth coupon interest on mentioned bonds
in the amount of KZT130,000,000.00 for November 4-7, 2008.
In the letter the company refers to "difficult economic situation on the alcohol
products market of the republic (hardening of government requirements on
taxation, marketing, negative influence on the internal market of imported
products, significant decline of purchasing abilities), and the influence of
general macro economic trends (expensive raw materials, tariffs, complication of
relations with production equipment providers) caused the current situation of the
oldest alcohol products producer of Kazakhstan", and informs on measures
undertaken by it to repay the mentioned interest till March 31, 2009.
As follows from the letter, at present the company is negotiating with potential
buyers of its movable and real assets to repay the mentioned debt.
Previously on this topic KASE published the news of November 14, 2008, where
informed on the third coupon payment delay on mentioned bonds -
http://www.kase.kz/news/show/1060400
We remind that except Almaty distillery plant four more KASE listed companies
informed on inability to fully pay or partially fulfill obligations on the coupon
interest payment:
- Doszhan Temir Zholy (DTZ) (Almaty) - on infrastructural bonds
KZ2CKY23B672 (KASE official list, the second subcategory of "Non-rated
Debt Securities", DTJLb1; KZT1,000, KZT30.0 bn.; August 2, 05 - August 2,
28, the annual coupon indexed on the inflation rate, 19.95 % APR for the
current coupon period, 30/360) for August 2, 2007 - August 2, 2008;
- ISKE SAT COMPANY (Almaty) - on bonds KZ2C0Y07C321 (KASE official
list, the second subcategory of "Non-rated Debt Securities", ISKEb1;
KZT1,000, KZT1.0 bn.; December 15, 06 - December 15, 13, the semi-
annual coupon 10.00 % APR; 30/360) for June 15 - December 15, 2008.
- ROSA (Pavlodar) - on bonds KZ2CKY05C040 (KASE official list, the second
subcategory of "Non-rated Debt Securities", ROSAb2; KZT1,000, KZT1.8 bn.;
May 18, 06 - May 18, 11, the semi-annual coupon indexed on the inflation
rate, 11.00 % APR for the reporting period) for November 18 - December 1,
2008;
- Transstroimost (Almaty Region) on bonds KZ2CKY05B950 (KASE official
list, the first subcategory of "Non-rated Debt Securities", TSSMb1; KZT100,
KZT5.0 bn.; April 6, 06 - April 5, 11, the semi-annual coupon indexed on the
inflation rate, 12.00 % APR for the reporting period) for April 6 - October 6,
2008.
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.
[2009-01-09]