/KASE, July 31, 09/ - Akmola Kurlys Materialdary (Astana) informed
Kazakhstan Stock Exchange (KASE) the company delayed payment of the fourth
coupon interest on bonds KZ2P0Y03C665 (KASE official list, second subcategory
of Non-rated debt securities, AKKMb1; KZT1,000, KZT5.0 bn; 12.07.07 -
12.07.10, semiannual coupon 9.00 % APR; 30/360).
According to the prospectus of issue of the bonds Akmola Kurlys Materialdary
must pay the interest in the period July 13 through July 24, 2009. The
prospectus specifies "in case of default on payment of any sum, which the issuer
must pay to holders of the bonds in accordance with terms of this Prospectus,
the issuer must pay to holders a fine for each day of delay, calculated on the
basis of official refinance rate of the Kazakhstan National Bank as on the day
of compliance with money obligations or a part thereof".
Akmola Kurlys Materialdary informed "the company plans to pay to bondholders
in full till November 20, 2009 with account of fine for each day of delay".
Below are related subject links:
- letter No. 501 of Akmola Kurlys Materialdary dated July 31, 2009 -
http://www.kase.kz/files/mix/akkm_310709.pdf
- KASE news dated July 27, 2009 "KASE still has no information regarding
payment by Akmola Kurlys Materialdary (Kazakhstan) of 4th coupon on
bonds KZ2P0Y03C665 (AKKMb1)" -
http://www.kase.kz/en/news/show/1079555
By the time being twelve companies, listed on KASE, informed on insolvency
to fully or partially comply with obligations on bonds. The list of defaulted
companies is available on the KASE website 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.
[2009-07-31]