OREANDA-NEWS. April 10, 2009. KOMBISNAB (Almaty Region) informed Kazakhstan Stock Exchange (KASE) by the official letter on the delay of payment of the second coupon interest on its bonds KZ2C0Y05D059 (KASE official list, the second subcategory of "Non-rated Debt Securities" category, KMSBb1; KZT10,000, KZT2.5 bn; July 2, 08 - July 2, 13, four-month coupon 15.00 % APR; 30/360), reported the press-centre of KASE.

According to the mentioned bonds issue prospectus KOMBISNAB must pay this interest on March 2-12, 2009. The issue prospectus stipulates that "if the issuer does not fully or partially pay the coupon interest and/or the principal debt within period specified by this issue prospectus, the issuer pays to this issue bonds holders a fine for each day of delay, calculated based on the refunding rate of the National Bank of the Republic of Kazakhstan for the day of the monetary obligation non-fulfillment or its part".

In the letter KOMBISNAB informed:

Hereby KOMBISNAB informs that it is not able to pay the coupon interest of offered shares ..., within the set period, i.e. till April 15, 2009, due to the increase of costs for raw materials procurement. The coupon interest will be paid on May 15, 2009.

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Previously KASE published the news of March 12, 2009 "KOMBISNAB (Kazakhstan) delays payment of the 2nd coupon on bonds KZ2C0Y05D059 (KMSBb1) till April 15, 2009 at address http://www.kase.kz/news/show/1068811

At present nine companies, securities of which are present in KASE official list, informed on inability to partially or fully fulfill obligations to holders of their bonds. The listed companies, which defaulted on their bonds, is accessible on KASE website in the section "Issuers" ("default") at address http://www.kase.kz/en/emitters.