/KASE, August 17, 09/ - Kazneftehim (Almaty) informed Kazakhstan Stock
Exchange (KASE) the company delayed payment of 9th coupon interest on
indexed to devaluation of tenge to dollar bonds KZ2CKY05B273 (KASE official
list, second subcategory of Non-rated debt securities, KZNHb2; KZT1, KZT4.0 bn;
18.02.05 - 18.02.10, semiannual coupon 10.00 % APR; 30/360).
According to the prospectus of issue of the bonds Kazneftehim had to pay the
interest in the period August 18 through August 20, 2009. If the delay on coupon
payment exceeds 15 days bondholders may "through a written notification
announce Kazneftehim and the Registrar that the bonds are subject to immediate
maturity".
Kazneftehim informed of the following:
Quotation beginning
... due to untimely receipts from export of oil we have to ask for a
postponement in redemption of 9th coupon interest to all holders of KZ2CKY05B273
according to the bond register - till September 30, 2009.
We fully guarantee payment of the coupon.
Quotation end
By the time being sixteen 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]