OREANDA-NEWS. May 28, 2009. ISKE SAT COMPANY (Almaty) informed Kazakhstan Stock Exchange (KASE) by the official letter on delay of payment of the fourth coupon interest on its bonds KZ2C0Y07C321 (KASE official list, the second subcategory of "Non-rated Debt Securities" category, ISKEb1; KZT1,000, 1,0 bn; December 15, 06 - December 15, 13, the semi-annual coupon 10.00 % APR; 30/360), reported the press-centre of KASE.

According to the mentioned bonds issue prospectus ISKE SAT COMPANY must have been paid this interest on December 15-24, 2008. The issue prospectus stipulates that "in case of non-payment of an interest (coupon) and/or its principal debt within a period, set forth by this prospectus, an Issuer must pay to this issue bonds holders a fine for each day of delay, accrued based on the official refunding rate of the National Bank of the Republic of Kazakhstan on the day of the monetary obligations fulfillment or its part, but not less than 10% from the amount unpaid".

In the letter ISKE SAT COMPANY informed that:

Hereby, ISKE SAT COMPANY informs on inability to fulfill its obligations on the coupon payment till May 20, 2009. We notify that the coupon payment terms will be delayed till June 22, 2009, due to expected from shareholders funds.