EL-DOS to Pay Principal on Bonds KZ2CKY05B182 (ELDSb1) till June 30
OREANDA-NEWS On 05 June EL-DOS (Almaty) informed Kazakhstan Stock Exchange (KASE) the company intended to pay the principal on bonds KZ2CKY05B182 (ELDSb1; KZT1, KZT700.0 m.; 06.05.04 - 06.05.09, semiannual coupon indexed to inflation rate, 15.00 % APR as for the last coupon period; 30/360) till June 30, 2009.
According to the prospectus of issue of the bonds EL-DOS must pay the principal in the period May 6 through May 13, 2009. The prospectus says "in case the issuer fails to pay or pays incompletely interest and/or principal of the bond at maturity the issuer then must pay bondholders the amount due and fine for each day of delay, based on the official refinance rate of the Kazakhstan National Bank as on the day the obligations are due".
EL-DOS informed of the following:
Quotation beginning
EL-DOS informs the company intends to finish refinancing procedures and pay the principal on the bonds before June 30, 2009.
Quotation end
It was informed earlier; the bonds were de-listed from KASE as circulation term ended beginning May 6, 2009.
KASE released related news earlier on May 13, 2009 "EL-DOS (Kazakhstan) partially pays 10th coupon on bonds KZ2CKY05B182 (ELDSb1) and postponement of principal payment thereon" - http://www.kase.kz/en/news/show/1073746.
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