/KASE, June 4, 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 fourteenth coupon interest on its international bonds
XS0168848801 (BTASe3; $600.0 m; June 2, 03 - June 2, 10; the semi-annual
coupon 7.875 % APR, 30/360).
According to the mentioned bonds issue circular TuranAlem Finance B.V. was to
pay this interest and the principal on June 2, 2010.
In the letter BTA Bank informed that:
quotation start
Hereby we inform that on June 2, 2010, TuranAlem Finance B.V. did not pay the
interest on eurobonds (ISIN XS0168848801, ...), due to decision on temporary
suspension of the principal payment from April 24, 2009 and the interest from
July 22, 2009.
As of June 2, 2010 were offered 551,600,000.00 eurobonds of this issue to the
amount of USD551,600,000.
quotation end
As previously informed mentioned bonds were removed from the KASE official
list due to their circulation term expiry from June 2, 2010.
Previously KASE published news of December 15, 2009 "BTA Bank: TuranAlem
Finance B.V. (Netherlands) delays payment of 13th coupon on bond
XS0168848801 (BTASe3)" -
http://www.kase.kz/en/news/show/1091135
At present 12 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.
[2010-06-04]