/KASE, April 20, 09/ - Transstroimost (Almaty Region) informed Kazakhstan
Stock Exchange (KASE) by the official letter on the meeting results held on April
15, 2009 for holders of bonds KZ2CKY05B950 (KASE official list, the first
subcategory of "Non-rated Debt Securities" category, TSSMb1; KZT100, KZT5.0
bn; April 6, 06 - April 6, 11, the semi-annual coupon indexed on the inflation
rate, 12.00 % APR for the current coupon period).
Transstroimost informed the following:
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Transstroimost informs that on April 15, 2009 was held the meeting of coupon
bonds holders (NIN KZ2CKY05B950) where Transstroimost addressed a request
to delay payment of the sixth coupon interest till the current year end, given the
interest capitalization to the maximum rate. ... The decision on this issue on
behalf of bonds holders will be sent to Transstroimost during 10 calendar days.
The need in delay is conditioned by objective reasons, and first of all by the
world financial crisis, which in its turn induced the liquidity deficiency in
banks, the crisis of non-payments by providers and customers. Transstroimost in
this case is one of the links in the chain of untimely payments. Transstroimost
will inform on the decision made on the sixth coupon interest payment in the
nearest time.
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We remind that Transstroimost must have been paid the sixth coupon interest on
mentioned bonds in the amount of KZT300.0 m on April 6-17, 2009.
The copy of minutes of the mentioned bonds holders meeting is published on
KASE website at address
http://www.kase.kz/files/emitters/TSSM/tssm_resh_150409.pdf
At present eleven 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.
[2009-04-20]