/KASE, July 10, 09/ - EL-DOS (Almaty) informed Kazakhstan Stock Exchange
(KASE) on partial payment of 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).
According to the prospectus of issue of the bonds EL-DOS had to pay the
principal in the period May 6 through May 13, 2009. The prospectus specifies "in
case the Issuer defaults on any sum, which they must pay on bonds in
accordance with the prospectus in the terms set, the Issuer must pay
bondholders the principal and fine for each day of delay, calculated on the
basis of the official refinance rate of the National Bank as on the day of
compliance with the money obligations or a part thereof".
EL-DOS informed of the following:
Quotation beginning
EL-DOS informs as on July 10, 2009 the company had unpaid debt in the amount
KZT590,164,380.00. ... The planned date to repay the remained debt is
September 1, 2009.
Quotation end
It was informed earlier the bonds were de-listed from KASE May 6, 2009 as
circulation term expired.
Below are related links:
- KASE news dated June 5, 2009 "EL-DOS (Kazakhstan) to pay principal on
bonds KZ2CKY05B182 (ELDSb1) till June 30, 2009" -
http://www.kase.kz/en/news/show/1075678
- KASE news dated May 13, 2009 "EL-DOS (Kazakhstan) partially pays 10th
coupon on bonds KZ2CKY05B182 (ELDSb1), delays payment of principal" -
http://www.kase.kz/en/news/show/1073746
At the time being eleven companies, listed on KASE, informed on insolvency
to partially or fully comply with obligations on bonds. The list of companies
defaulted on bonds is available at the KASE website at 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.
[2009-07-10]