Akmola Kurlys Materialdary (Kazakhstan) delays payment of 5th coupon on bonds KZ2P0Y03C665 (AKKMb1)

09.02.10 17:33
/KASE, February 9, 10/ - Akmola Kurlys Materialdary (Astana) informed Kazakhstan Stock Exchange (KASE) on delay in payment of the fifth coupon interest on bonds KZ2P0Y03C665 (KASE, "buffer category", AKKMb1; KZT1,000, KZT5.0 bn; 12.07.07 - 12.07.10, semiannual coupon 9.00 % APR; 30/360). According to the bond issue prospectus of the bonds Akmola Kurlys Materialdary had to pay the interest in the period January 12 through January 25, 2010. The prospectus specifies "in case an issuer defaults on any sum, payable to bondholders in accordance with the terms of the Prospectus, the issuer must pay the bondholders a fine for each day of delay, computed on the basis of the official refinance rate set by the Kazakhstan National Bank as on the day of compliance with the money obligation or a part of it". In the letter dated February 8, 2010 Akmola Kurlys Materialdary informed: Quotation begins As on the current date there are 2,607,918 bonds placed. Astana-Finance is the only bondholder. Currently we are restructuring the bond debt with Leasing company Astana Finance. Ends Earlier KASE released news dated July 31, 2009 "Akmola Kurlys Materialdary (Kazakhstan) delays payment of 4th coupon on bonds KZ2P0Y03C665 (AKKMb1)" at http://www.kase.kz/en/news/show/1079967 Currently twelve companies listed on KASE informed of insolvency to fully or partially comply with obligations on their bonds. The list of listing companies, that admitted default on bonds, is available at the KASE website at section "Issuers" ("default") at http://www.kase.kz/en/emitters KASE reminds in accordance with the internal document "Rules on Release of Exchange Information" it does not assume responsibility for accuracy of the information it spreads in regard of KASE members and issuers listed on KASE, if such information is based on messages and documents, received from such members and issuers in pursuance with their obligations before the Exchange. At generation of such information KASE does not check accuracy of the messages and documents. The person, willing to disprove the information released in this message, must address to KASE with a corresponding official letter. [2010-02-09]