/KASE, February 26, 09/ - Transstroimost (Almaty Region, hereinafter - the
company) informed Kazakhstan Stock Exchange (KASE) by the official letterŠ¾ on
partial repayment of the fifth coupon debt 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 coupon period).
According to the mentioned letter the company partially repaid the mentioned
interest in the amount of KZT270,068,400.00 (including the income tax) and plans
to repay the remaining part of the debt in the amount of KZT29,931,600.00 at the
beginning of March 2009.
Transstroimost informed on the following:
Quotation start
Considering that the construction projects in January-February were not funded,
the enterprise failed to fully repay the remaining debt. The construction projects
funding by the budget is being planned for the first decade of March, which allow
the enterprise repayment of the existing debt.
Quotation end
The company was supposed to pay the fifth coupon interest on mentioned bonds
in the amount of KZT300.0 m. on October 6-16, 2008.
Below are references to documents on this topic:
- KASE news of January 26, 2009 "Transstroimost (Kazakhstan) partially paid
the 5th coupon to holders of bonds KZ2CKY05B950 (TSSMb1)" -
http://www.kase.kz/news/show/1065252
- KASE news of January 9, 2009 "Transstroimost (Kazakhstan) intends to fully
repay debt on the 5th coupon to holders of bonds KZ2CKY05B950 (TSSMb1)
till January 25, 2009" -
http://www.kase.kz/en/news/show/1061945
- KASE news of December 4, 2008 Transstroimost will undertake measures to
pay the coupon on bonds KZ2CKY05B950 (TSSMb1) till the end of
December 2008 -
http://www.kase.kz/news/show/1061901
- letter of Transstroimost of December 2, 2008 # 2104 -
http://www.kase.kz/files/mix/letter_tssm_021208.pdf
- KASE news of November 17, 2008 Transstroimost (Kazakhstan) partially paid
the 5th coupon on bonds KZ2CKY05B950 (TSSMb1) -
http://www.kase.kz/en/news/show/1060542
- KASE news of October 20, 2008 Transstroimost (Kazakhstan) delays
payment of the 5th coupon on bonds KZ2CKY05B950 (TSSMb1)" -
http://www.kase.kz/en/news/show/1058610
At present six companies, securities of which are present in KASE official list,
informed on inability to partially or fully fulfill obligations to holders of
their bonds. The listed companies, which defaulted on their bonds, is accessible
on KASE website in the 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.
[2009-02-26]