Doszhan Temir Zholy (DTZ) announces partial payment of ninth coupon on bonds KZ2C0Y23B676 (KZ2C00000701, DTJLb1)

/KASE, August 18, 14/ – Doszhan Temir Zholy (DTZ) JSC (Oskemen), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE that the company partially paid the ninth coupon interest on its infrastructure bonds KZ2C0Y23B676 (KZ2C00000701, KASE official list, second sub-category of Rated Debt Securities category, DTJLb1; KZT1,000, KZT30.0 bn; August 2, 2005 – August 2, 2028, annual coupon indexed at inflation rate, 7.35 % APR in the current coupon period, 30/360). In the said letter Doszhan Temir Zholy (DTZ) states as follows: quote Doszhan Temir Zholy (DTZ) (hereinafter – DTZ) on August 8, 2014 through payment agent, ATF Bank, made partial payment of coupon interest to the amount of 10% of the accrued interest due for the 9th coupon period to all bondholders. By letter No. 11755 of August 14, 2014 ATFBank notified of interest payment to holders of DTZ bonds on August 13, 2014 to the amount of KZT138,379,073 (hundred thirty eight million three hundred seventy nine thousand seventy three tenge). In addition we inform you that in accordance with terms of the bonded loan of the Company, DTZ failed to fulfill obligations on time specified in the issue prospectus of bonds (NIN KZ2C0Y23B676). Based on the above-mentioned as of August 16, 2014 a default is beginning on DTZ's payment of interest due for the ninth coupon period. The amount of debt is KZT1,245,411,657 (one billion two hundred forty five million four hundred eleven thousand six hundred fifty seven). unquote According to the issue prospectus of the mentioned bonds, Doszhan Temir Zholy (DTZ) was due to pay the ninth coupon interest from August 2 to August 14, 2014. [2014-08-18]