/KASE, September 28, 09/ - Kazneftehim (Almaty) informed Kazakhstan Stock
Exchange (KASE) the company delayed payment of the ninth coupon interest on
indexed to devaluation of tenge to dollar bonds KZ2CKY05B273 (KASE, 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 bond issue prospectus Kazneftehim had to pay the interest in
the period August 18 through 20, 2009. If delay on coupon payment on the bonds
exceeds 15 days, bondholders may "through written notification of Kazneftehim
and the Registrar announce the bonds as subject to immediate maturity".
Kazneftehim informed:
Quotation begins
... due to force-majeure- KazTransOil changing beginning September 21, 2009
the route of oil transportation from Oddessa (the Ukraine) to Novorossiysk
(Russia) and accordingly, terms of receipts of funds from oil export, we are
forced to ask for prolongation in redemption of the ninth coupon interest to all
holders of corporate bonds of Kazneftehim, NIN KZ2CKY05B273 - till October 20,
2009.
We guarantee full compliance with financial obligations in regard of the regular
coupon.
Ends
Earlier KASE released news on August 17, 2009 "Kazneftehim delays payment of
9th coupon on bonds KZ2CKY05B273 (KZNHb2) till September 30, 2009" -
http://www.kase.kz/en/news/show/1081044
At the time being sixteen companies, listed on KASE, informed on insolvency
to partially or fully comply with obligations on bonds. The list of listing
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.
[2009-09-28]