/KASE, July 9, 09/ - REMIX-R (Almaty) informed Kazakhstan Stock Exchange
(KASE) by the official letter on delay of the third coupon interest payment on its
bonds KZ2C0Y05C762 (KASE official list Non-rated Debt Securities second
subcategory, RMXRb1; KZT1,000, KZT2.0 bn; December 29, 07 - December 29,
12, the semi-annual coupon 12.00 % APR; 30/360).
According to the mentioned bonds issue prospectus REMIX-R must have been
paid the interest in the period from June 29 to July 8, 2009. The issue prospectus
stipulates that "in case of non-payment or incomplete payment by the issuer of
any amount of an interest and/or a principal debt in compliance with this
Prospectus terms, an Issuer must pay to this issue bonds holders a fine for each
day of delay, accrued based on the official refunding rate of the National Bank of
the Republic of Kazakhstan on the day of the monetary obligations fulfillment or
its corresponding part".
In the letter REMIX-R informed that:
quotation start
REMIX-R ... informs on impossibility of timely fulfillment of its obligations to
bonds holders on payment of the 3rd coupon due to temporary financial
difficulties. We undertake responsibility to pay the coupon and fines for this
delay till September 1, 2009 in compliance with bonds Prospectus.
quotation end
At present eleven companies, securities of which are present in KASE official
list, informed on inability to fully or partially fulfill their obligations on
bonds. The lust of listed companies that defaulted on their bonds, is available on
KASE website in section "Issuers" ("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.
[2009-07-09]