/KASE, August 17, 09/ - ATFBank (Almaty), a representative of holders
infrastructure bonds KZ2CKY23B672 (KASE official list, second subcategory of
Non-rated debt securities, DTJLb1; KZT1,000, KZT30.0 bn; 02.08.05 - 02.08.28,
annual coupon indexed to inflation rate, 19.95 % APR as for the reporting coupon
period, 30/360) of Doszhan temir zholy (DTZ) (Almaty), informed Kazakhstan
Stock Exchange (KASE):
Quotation beginning
... As the regular coupon payment period ended August 14, 2009 and the Issuer
on expiry of this term paid no coupon interest on infrastructure bonds (NIN
KZ2CKY23B672), we inform of default of Doszhan temir zholy (DTZ).
Quotation end
According to the prospectus of issue of the bonds Doszhan temir zholy (DTZ) had
to pay the coupon interest in the period August 1 through August 14, 2009. The
prospectus specifies "in case of default the Company will pay holders a fine for
each day of delay at the official refinance rate set by the National Bank as on
the day of obligations.
The bonds were issued by Doszhan temir zholy (DTZ) with a purpose to receive
money for implementation of the Shar - Ust-Kamenogorsk railway project.
The related news links are:
- KASE news dated August 13, 2009 "ATFBank informs on steps Doszhan
temir zholy takes to avoid default on payment of 4th coupon on bonds
KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1080822
- KASE news dated August 4, 2009 "ATFBank informs Doszhan temir zholy is
short of money to pay 4th coupon on bonds KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1080122
By the time being fifteen companies listed on KASE, informed on insolvency
to fully or partially comply with obligations on bonds. The list of companies
defaulted on bonds 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.
[2009-08-17]