/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]