/KASE, 09.04.09/ - KOMBISNAB (Almaty Region) informed Kazakhstan Stock
Exchange (KASE) by the official letter on the delay of payment of the second
coupon interest on its bonds KZ2C0Y05D059 (KASE official list, the second
subcategory of "Non-rated Debt Securities" category, KMSBb1; KZT10,000,
KZT2.5 bn; July 2, 08 - July 2, 13, four-month coupon 15.00 % APR; 30/360).
According to the mentioned bonds issue prospectus KOMBISNAB must pay this
interest on March 2-12, 2009. The issue prospectus stipulates that "if the issuer
does not fully or partially pay the coupon interest and/or the principal debt
within period specified by this issue prospectus, the issuer pays to this issue
bonds holders a fine for each day of delay, calculated based on the refunding rate
of the National Bank of the Republic of Kazakhstan for the day of the monetary
obligation non-fulfillment or its part".
In the letter KOMBISNAB informed:
quotation start
Hereby KOMBISNAB informs that it is not able to pay the coupon interest of
offered shares ..., within the set period, i.e. till April 15, 2009, due to the
increase of costs for raw materials procurement. The coupon interest will be paid
on May 15, 2009.
quotation end
Previously KASE published the news of March 12, 2009 "KOMBISNAB
(Kazakhstan) delays payment of the 2nd coupon on bonds KZ2C0Y05D059
(KMSBb1) till April 15, 2009 at address
http://www.kase.kz/news/show/1068811
At present nine companies, securities of which are present in KASE official list,
informed on inability to partially or fully fulfill obligations to holders of
their bonds. The listed companies, which defaulted on their bonds, is accessible
on KASE website in the 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.
[2009-04-09]