BUILD INVESTMENTS Delays Payment of 6th Coupon and Principal on Bonds
OREANDA-NEWS. July 16, 2009. BUILD INVESTMENTS GROUP (Astana) informed Kazakhstan Stock Exchange (KASE) the company delayed payment of the sixth coupon interest and the principal on bonds KZ2C0Y03C064 (BIGRb1; KZT1, KZT3.0 bn; 28.06.06 - 28.06.09, semiannual coupon 9.00 % APR; 30/360), reported the press-centre of KASE.
According to the prospectus of issue of the bonds BUILD INVESTMENTS GROUP had to pay the principal and the interest in the period June 29 through July 10, 2009.
Press release of BUILD INVESTMENTS GROUP and explanations on the situation are released at the KASE website at: http://www.kase.kz/files/emitters/BIGR/bigr_reliz_100709.pdf
It was informed earlier, the bonds were de-listed from KASE as circulation term expired beginning June 29, 2009.
At the time being eleven companies, listed on KASE, informed on insolvency to partially or fully comply with obligations on bonds. The list of companies defaulted on bonds is available at the KASE website at section "Issuers" ("default") at: http://www.kase.kz/en/emitters
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