/KASE, March 16, 09/ - ISКЕ SAТ COMPANY (Almaty) informed Kazakhstan
Stock Exchange (KASE) on delay in payment of the fourth coupon interest on
bonds KZ2C0Y07C321 (KASE official list, the second subcategory of the Non-
rated debt securities category, ISKEb1; KZT1,000, KZT1.0 bn.; 15.12.06 -
15.12.13, semiannual coupon 10.00 % APR; 30/360).
According to the prospectus of issue of the bonds ISКЕ SAТ COMPANY must
have paid the remuneration in the period December 15 through December 24,
2008. The prospectus specifies that "in the event of non-payment or incomplete
payment of remuneration (coupon) and/or the main debt in the terms specified by
the prospectus, the Issuer must pay to bondholders of the issue fines for each
day of delay, calculated on the basis of the official refinance rate of the
National Bank of the Republic of Kazakhstan as on the day of execution of the
money obligation or its part, but not more than 10 % of non-paid sum".
ISКЕ SAТ COMPANY informed as follows:
Quotation beginning
Herewith ISКЕ SAТ COMPANY informs on failure to comply with its obligations on
coupon payment before March 15, 2009. We notify you on extension of the term
of coupon payment up to April 20, 2009, thanks to expected financial injections
from shareholders.
Quotation end
Below are the links to subject related documents:
- KASE news of February 20, 2009 "ISКЕ SAТ COMPANY (Kazakhstan)
intends to repay debt on 4th coupon on bonds KZ2C0Y07C321 (ISKEb1)
before March 15, 2009" -
http://www.kase.kz/news/show/10673572
- KASE news of January 30, 2009 "ISКЕ SAТ COMPANY" (Kazakhstan)
intends to repay debt on 4th coupon on bonds KZ2C0Y07C321 (ISKEb1)
before February 20, 2009" -
http://www.kase.kz/news/show/1065655
- KASE news of December 26, 2008 "ISKE SAT COMPANY" (Kazakhstan)
informs on failure to comply with obligations before holders of bonds
KZ2C0Y07C321 (ISKEb1) on payment of 4th coupon" -
http://www.kase.kz/news/show/1063368
Apart from ISКЕ SAТ COMPANY, currently six companies, securities of which
are listed on KASE, informed on inability to fully or partially comply with
obligations on its bonds. The list of listing companies, which defaulted on their
bonds, is available at the KASE website in the section "Issuers" (tab "default")
at:
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.
[2009-03-16]