/KASE, November 6, 09/ - BTA Bank(Almaty) informed Kazakhstan Stock
Exchange (KASE) by the official letter on delay of payment by TuranAlem
Finance B.V. (Rotterdam) of the seventh coupon interest on its international
bonds XS0251881289 (KASE official list buffer category, BTASe6; $250.0 m;
April 25, 06 - April 25, 13; the semi-annual coupon 7.75 % APR, 30/360).
According to the mentioned bonds issue circular TuranAlem Finance B.V. was to
pay this interest on October 26, 2009.
In the letter BTA Bank informed that:
quotation start
Hereby we inform that on October 25, 2009, TuranAlem Finance B.V. did not pay
the interest on eurobonds (ISIN XS0251881289, ...), due to decision on
temporary suspension of interest payment from July 22, 2009.
quotation end
Previous KASE news on this topic of July 27, 2009 "BTA Bank (Kazakhstan)
informed on the meeting held within creditors organizational committee and
temporary suspension from July 22, 2009 of interest payment on its financial
obligations" -
http://www.kase.kz/en/news/show/1079467
At present eleven 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.
[2009-11-06]