Kazneftehim Received Claims on Early Repayment of Bonds
OREANDA-NEWS. July 27, 2009. Kazneftehim (Almaty) informed Kazakhstan Stock Exchange (KASE) by the official letter that, reported the press-centre of KASE:
As of today our company paid the 8th coupon interest on corporate bonds NIN KZ2CKY05B273, without a fine and interest indexed amount.
However due to the coupon interest payment delay our holders received claims from Zhilstroisberbank and RESMI Finance & Investment House on the coupon interest early repayment (buy back) of Kazneftehim bonds.
At this the company fully revived the schedule of export shipment of oil from Kazneftehim-KOPA deposits and to increase cash flows we are working on reopening of existing wells on KOPA and Tagan Yuzhnyi deposits.
We plan to complete activities on Zhilstroisberbank and RESMI Finance & Investment House claims satisfaction by the end of 2009 according to the payment schedule.
At present we are working on attraction of a strategic partner for debt and equity funding of Kazneftehim oil assets development.
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