/KASE, May 21, 10/ - Doszhan temir zholy (DTZ) (Almaty), listing on
Kazakhstan Stock Exchange (KASE), after KASE had submitted a request on
May 18, 2010 issued a statement:
Quotation begins
DTZ (the Company) on May 14, 2010 paid the fourth coupon and in accordance
with item 8 of article 31 of the Law of the Republic of Kazakhstan "On Securities
Market" must pay KZT314.071 m in fines, as calculated on the basis of the
current 7 % official refinance rate of the National Bank.
As special purpose budget funds may not be paid as the fine, the debt may only
be redeemed from funds available at the Company through its operation.
Due to shortage of own funds to pay the fine to bondholders, the company is
seeking to discuss a possibility the fine be paid in installments.
Currently, the company is working with state agencies and shareholders on the
proposed project finance plan for purposes of its further implementation and will
provide additional information on its availability.
Ends
According to the bond issue prospectus DTZ had to pay the fourth coupon
interest in the period August 1 - 14, 2009.
Related links:
- KASE news released May 18, 2010 "DTZ (Kazakhstan) on payment of debt
on 4th coupon on bonds KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1104393
- KASE news released May 17, 2010 "ATFBank: DTZ pays 4th coupon on
bonds KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1104240
- KASE news released May 7, 2010 "ATFBank: DTZ pays part of 4 h coupon
on bonds KZ2CKY23B672 (DTJLb1)" -
http://www.kase.kz/en/news/show/1103549
[2010-05-21]