/KASE, October 26, 09/ - Kazneftehim (Almaty) informed Kazakhstan Stock
Exchange (KASE) by the official letter on delay of payment of the ninth coupon
interest on its indexed at KZT to USD devaluation rate bonds KZ2CKY05B273
(KASE official list, the second subcategory of "Non-rated Debt Securities",
KZNHb2; KZT1, KZT4.0 bn.; February 18, 05 - February 18, 10, the semi-annual
coupon 10.00 % APR; 30/360).
According to the mentioned bonds issue prospectus Kazneftehim must have paid
this interest on August 18-20, 2009. If non-payment of the interest on mentioned
bonds will last more than 15 days, bonds holders can "by written notice of
Kazneftehim and the Registrar announce bonds as liable to immediate
repayment".
In the letter Kazneftehim informed in the following:
quotation start
Hereby we notify that due to the delay of export income, repayment of the 9th
coupon interest to all Kazneftehim corporate bonds holder, NIN KZ2CKY05B273
shall be paid with the next in turn payment.
quotation end
Below are references to similar documents:
- KASE news of September 28, 2009 "Kazneftehim (Kazakhstan) delays
payment of 9th coupon on bonds KZ2CKY05B273 (KZNHb2) till October 20,
2009" -
http://www.kase.kz/en/news/show/1084180
- KASE news of August 17, 2009 "Kazneftehim (Kazakhstan) delays 9th
coupon payment on bonds KZ2CKY05B273 (KZNHb2) till September 30,
2009" -
http://www.kase.kz/en/news/show/1081044
At present twelve companies, securities of which are present in KASE official
list, informed on inability to fully or partially fulfill their obligations on
bonds. Listed companies defaulted payment on bonds is available on KASE website in
section "Issuers" ("default") at address
http://www.kase.kz/en/emitters
KASE reminds that in compliance with the Exchange internal document "Rules of
Exchange Information Dissemination", KASE is not responsible for authenticity of
disseminated information on the Exchange members and securities issuers,
admitted to circulation on the Exchange, if this information is based on messages
and documents received by the Exchange from these members and securities
issuers in pursuance of their obligations to the Exchange. KASE does not validate
the mentioned messages and documents when developing this information.
Individuals, willing to refute the information, published in this message, must
apply to KASE by a corresponding official letter.
[2009-10-26]