OREANDA-NEWS. Imstalcon (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE of the following:

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... the decision taken by Almaty special inter-district economic court on January 25, 2015 on application of a rehabilitation procedure to Imstalcon came into effect as of March 30, 2016.

According to the decision taken, all bodies of the legal entity (Imstalcon) were stripped of the right to dispose of assets (incl. cash), and the Company notifies you that with regard to debt securities of the first issue issued under the first bond program (NIN – KZP01Y07D549, ISIN – KZ2C00000412), in August 2016 it cannot make:

- payment of the coupon interest in the amount of KZT185,549,993 ...;

- pay the principal debt in the amount of KZT2,473,999,900 ...

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