/KASE, June 15, 09/ - KOMBISNAB (Almaty oblast) informed Kazakhstan Stock
Exchange (KASE) on delay in payment of the second coupon interest on bonds
KZ2C0Y05D059 (KASE official list, second subcategory of Non-rated debt
securities, KMSBb1; KZT10,000, KZT2.5 bn.; 02.07.08 - 02.07.13, four month
coupon 15.00 % APR; 30/360).
According to the prospectus of issue of the bonds KOMBISNAB had to pay the
interest in the period March 2 through March 12, 2009. The prospectus specifies
"in case of default of incomplete payment of interest or principal through fault
of the Issuer in the terms set by the Prospectus, the Issuer must pay to
bondholders of the issue fine for each day of delay, calculated on the basis of
the official refinancing rate of the National Bank of the Republic of Kazakhstan
as on the day of compliance with money obligations or its part".
KOMBISNAB informed of the following:
Quotation beginning
Herewith Kombisnab informs the company can not pay coupon interest on placed
bonds..., according to the set term that is before June 15, 2009, as
shareholders delayed financial assistance. The coupon will be paid
June 30, 2009.
Quotation end
Below are related subject links:
- KASE news dated May 13, 2009 "KOMBISNAB (Kazakhstan) delays payment
of second coupon on bonds KZ2C0Y05D059 (KMSBb1) till June 15, 2009" -
http://www.kase.kz/en/news/show/1073744
- KASE news dated April 9, 2009 "KOMBISNAB (Kazakhstan) delays payment
of second coupon on bonds KZ2C0Y05D059 (KMSBb1) till May 15, 2009" -
http://www.kase.kz/en/news/show/1071064
- KASE news dated March 12, 2009 "KOMBISNAB (Kazakhstan) delays
payment of second coupon on bonds KZ2C0Y05D059 (KMSBb1) till April 15,
2009" -
http://www.kase.kz/en/news/show/1068811
Currently ten companies, listed on KASE, informed of insolvency to fully or
partially comply with obligations on bonds. The list of the companies that
defaulted on their bonds is available at the KASE in section "Issuers"
("default") at:
http://www.kase.kz/en/emitters
KASE reminds that according to its internal document "Rules on exchange
information disclosure" it incurs no responsibility for authenticity of the
information it spreads on KASE members and issuers admitted to circulation on
KASE, provided such information is based on messages and documents arriving from
such members and issuers in pursuance with obligations before KASE. At
generation of such information KASE shall not check authenticity of the
messages and documents. A person, willing to disprove the information released
in this message, must appeal to KASE with a corresponding official letter.
[2009-06-15]