TEMA Ko. (Kazakhstan) announces delay in payment of 15th coupon on bonds KZ2P0Y03D754 (KZ2C00001683, TEMAb2)

25.02.14 18:40
/KASE, February 25, 14/ – TEMA Ko. (Almaty, hereinafter – the Issuer), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE of a delay in payment of the 15th coupon interest on its bonds KZ2P0Y03D754 (KZ2C00001683, KASE official list, Rated Debt Securities category, TEMAb2; KZT1,000, KZT1.2 bn; May 14, 2010 – May 14, 2016; semi-annual coupon 13.50 % p.a.; 30/360). In accordance with the issue prospectus of the mentioned bonds, TEMA Ko. was due to pay this interest in the period from February 14 to 23, 2014. TEMA Ko. says as follows in its letter: quote Due to temporary financial difficulties caused by the seasonal decrease in demand for restaurant business services, it is deemed impossible to pay on time coupon interest on bonds of the Issuer KZ2C0Y06D750 (KZ2C00001683). unquote The list of listed companies that committed default on their bonds is available on KASE website in section "Instruments and issuers" – "Corp. issuers" (tab "default") at http://www.kase.kz/en/emitters [2014-02-25]