OREANDA-NEWS. August 05, 2009. Akmola Kurlys Materialdary (Astana) informed Kazakhstan Stock Exchange (KASE) the company delayed payment of the fourth coupon interest on bonds KZ2P0Y03C665 (KASE official list, second subcategory of Non-rated debt securities, AKKMb1; KZT1,000, KZT5.0 bn; 12.07.07 - 12.07.10, semiannual coupon 9.00 % APR; 30/360), reported the press-centre of KASE.

According to the prospectus of issue of the bonds Akmola Kurlys Materialdary must pay the interest in the period July 13 through July 24, 2009. The prospectus specifies "in case of default on payment of any sum, which the issuer must pay to holders of the bonds in accordance with terms of this Prospectus, the issuer must pay to holders a fine for each day of delay, calculated on the basis of official refinance rate of the Kazakhstan National Bank as on the day of compliance with money obligations or a part thereof".

Akmola Kurlys Materialdary informed "the company plans to pay to bondholders in full till November 20, 2009 with account of fine for each day of delay".

Below are related subject links:

- letter No. 501 of Akmola Kurlys Materialdary dated July 31, 2009 -   http://www.kase.kz/files/mix/akkm_310709.pdf

- KASE news dated July 27, 2009 "KASE still has no information regarding payment by Akmola Kurlys Materialdary (Kazakhstan) of 4th coupon on bonds KZ2P0Y03C665 (AKKMb1)" -
  http://www.kase.kz/en/news/show/1079555

By the time being twelve companies, listed on KASE, informed on insolvency to fully or partially comply with obligations on bonds. The list of defaulted companies is available on the KASE website in section "Issuers" ("default") at: http://www.kase.kz/en/emitters