Delta Bank announces non-payment of principal on bonds KZP01Y05E178 (KZ2C00001709, NFBNb2) and planned payment date
15.02.17 14:51
/KASE, February 15, 2017/ – Delta Bank (Almaty), whose securities are officially
listed on Kazakhstan Stock Exchange (KASE), has informed KASE on a non-
payment of principal on its bonds KZP01Y05E178 (KZ2C00001709, NFBNb2).
According to the bond issue prospectus, the payment of the face value and the
last (tenth) coupon interest was to be held in the period from January 18 to 31,
2017.
On February 1, 2017 Delta Bank informed KASE that "the face value of the first
issue of bonds issued under the first bond program of the Bank is
KZT9,884,710,000. The payment of the tenth being the last coupon interest on
bonds was made in full on January 31, 2017 for KZT469,523,725 but no face
value was paid. Based on the above, the Bank plans to repay the face value
being KZT9,884,710,000 within the next 10 (ten) business days".
On February 15, 2017 Delta Bank informed KASE of the following:
quote
We hereby inform you that as of February 14, 2017, the Bank did not repay the
face value of the first issue of bonds issued under the first bond program (NIN
KZP01Y05E178).
The face value amount is KZT9,884,710,000.
The Bank is making every possible effort to resolve the situation as soon as
possible.
Currently, the fundraising negotiations are underway to repay the bond debt and
all internal resources of the Bank are involved.
The estimated date to repay the face value to the bondholders is March 1, 2017.
unquote
[2017-02-15]