/KASE, August 12, 09/ - BTA Bank's subsidiary BTA Securities (Almaty)
informed Kazakhstan Stock Exchange (KASE) TuranAlem Finance B.V.
(Rotterdam) delayed the ninth coupon interest payment on international bonds
XS0211873053 (KASE official list, Rated debt securities, BTASe5; USD350.0 m;
10.02.05 - 10.02.15, semiannual coupon 8.50 % APR, 30/360).
According to a circular of issue of the bonds TuranAlem Finance B.V. had to pay
the interest August 10, 2009.
BTA Bank's subsidiary BTA Securities informed of the following:
Quotation beginning
Herewith we inform on August 10, 2009 TuranAlem Finance B.V. paid no coupon
interest on Eurobonds (ISIN XS0211873053, Rated debt securities listed on
KASE) as a decision was made to temporarily suspend interest payment
beginning July 22, 2009.
Quotation end
KASE released subject related news earlier on July 27, 2009 "BTA Bank
(Kazakhstan) informs on creditor's meeting and temporary interest payment
suspension beginning July 22, 2009" -
http://www.kase.kz/en/news/show/1079467
By the time being thirteen companies listed on KASE informed on insolvency
to fully or partially comply with obligations on bonds. The list of defaulted
companies is available at the KASE website at section "Issuers" ("default") at:
http://www.kase.kz/ru/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.
[2009-08-12]