/KASE, June 5, 09/ - EL-DOS (Almaty) informed Kazakhstan Stock Exchange
(KASE) the company intended to pay the principal on bonds KZ2CKY05B182
(ELDSb1; KZT1, KZT700.0 m.; 06.05.04 - 06.05.09, semiannual coupon indexed
to inflation rate, 15.00 % APR as for the last coupon period; 30/360) till June
30, 2009.
According to the prospectus of issue of the bonds EL-DOS must pay the principal
in the period May 6 through May 13, 2009. The prospectus says "in case the
issuer fails to pay or pays incompletely interest and/or principal of the bond
at maturity the issuer then must pay bondholders the amount due and fine for
each day of delay, based on the official refinance rate of the Kazakhstan
National Bank as on the day the obligations are due".
EL-DOS informed of the following:
Quotation beginning
EL-DOS informs the company intends to finish refinancing procedures and pay
the principal on the bonds before June 30, 2009.
Quotation end
It was informed earlier; the bonds were de-listed from KASE as circulation term
ended beginning May 6, 2009.
KASE released related news earlier on May 13, 2009 "EL-DOS (Kazakhstan)
partially pays 10th coupon on bonds KZ2CKY05B182 (ELDSb1) and
postponement of principal payment thereon" -
http://www.kase.kz/en/news/show/1073746
At the time being ten companies, listed on KASE, informed on insolvency to
fully or partially comply with obligation on the bonds. The list of defaulted
companies is available at the KASE website in section "Issuers" ("default") at
http://www.kase.kz/en/emitters
KASE reminds that according to its internal document "Rules on exchange
information disclosure" it incurs no responsibility for authenticity of the
information it spreads on KASE members and issuers admitted to circulation on
KASE, provided such information is based on messages and documents arriving from
such members and issuers in pursuance with obligations before KASE. At
generation of such information KASE shall not check authenticity of the
messages and documents. A person, willing to disprove the information released
in this message, must appeal to KASE with a corresponding official letter.
[2009-06-05]