Ore mining and processing enterprise Tort-Kudyk (Kazakhstan) delays payment of 13th coupon on bonds KZ2C0Y08B834 (KZ2C00001014, TKUDb1)

29.05.13, 12:42
/KASE, May 29, 13/ – Ore mining and processing enterprise Tort-Kudyk (Astana), bonds of which are officially listed on Kazakhstan Stock Exchange (KASE), informed KASE by the official letter on delay of payment of 13th coupon interest on bonds KZ2C0Y08B834 (KZ2C00001014, KASE official list buffer category, TKUDb1; KZT1,000, KZT2.0 bn; semi-annual coupon indexed at inflation rate; 7.70 % APR for the reporting coupon period; 30/360). According to the mentioned bonds issue prospectus Ore mining and processing enterprise Tort-Kudyk was to pay this interest May 3-20, 2013. In the letter Ore mining and processing enterprise Tort-Kudyk informed: quotation ... due to untimely payment by the buyer for the delivered product Ore mining and processing enterprise Tort-Kudyk failed to pay in time the coupon interest. Ore mining and processing enterprise Tort-Kudyk undertakes an obligation to pay an outstanding debt on coupon interest during 10 (ten) working days. ends The list of listed companies that committed default on bonds is available on KASE website in the Section "Instruments and Issuers" – "CS Issuers" (inlay "Default") at http://www.kase.kz/en/emitters [2013-05-29]