/KASE, March 26, 10/ - BTA Bank (Almaty) informed Kazakhstan Stock
Exchange (KASE) by the official letter on delay of payment by TuranAlem
Finance B.V. (Rotterdam) of the twelfth coupon interest on its international bonds
USN89065AF89 (KASE official list buffer category, BTASe4; $400.0 m; March
24, 04 - March 24, 14; the semi-annual coupon 8.00 % APR, 30/360).
According to the mentioned bonds issue circular TuranAlem Finance B.V. was to
pay this interest on March 24, 2010.
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 USN89065AF89, ...), due to decision on
temporary suspension of interest payment from July 22, 2009.
As of March 24, 2010 were offered 384,000 eurobonds of this issue to the
amount of USD384,000,000.
quotation end
Below are references to similar news:
- KASE news of October 5, 2009 "BTA Bank: TuranAlem Finance B.V.
(Netherlands) delays payment of 11th coupon on international bonds
USN89065AF89 (BTASe4)" -
http://www.kase.kz/en/news/show/1084881
- KASE news 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 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.
[2010-03-26]