/KASE, October 5, 09/ - BTA Bank (Almaty) informed Kazakhstan Stock
Exchange (KASE) TuranAlem Finance B.V. (Rotterdam) delayed the eleventh
coupon interest on international bonds USN89065AF89 (KASE, "buffer category",
BTASe4; USD400.0 m; 24.03.04 - 24.03.14, semiannual coupon 8.00 % APR,
30/360).
According to the circular of the bonds TuranAlem Finance B.V. had to pay the
interest on September 24, 2009.
BTA Bank informed:
Quotation begins
Herewith we inform that on September 24, 2009 TuranAlem Finance B.V. did not
pay coupon interest on Euro bonds (ISIN USN89065AF89, ...), as the decision on
temporary suspension of interest payment was made effective July 22, 2009.
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Earlier KASE released news dated July 27, 2009 "BTA Bank (Kazakhstan)
informs on temporary suspension effective July 22, 2009 of interest payment on
financial instruments" -
http://www.kase.kz/en/news/show/1079467
At the time being thirteen 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.
[2009-10-05]