OREANDA-NEWS. October 02, 2009. KOMBISNAB (Almaty Region) informed Kazakhstan Stock Exchange (KASE) by the official letter on the delay of payment of the third coupon interest on bonds KZ2C0Y05D059 (KASE official list Non-rated Debt Securities second subcategory, KMSBb1; KZT10,000, KZT2.5 bn; July 2, 08 - July 2, 13, four-month coupon 15.00 % APR; 30/360), reported the press-centre of KASE.

According to the prospectus of issue of the bonds KOMBISNAB had to pay the interest in the period from July 2 to July 11, 2009. The prospectus specifies that "in case of default on payment or incomplete payment at fault of the Issuer of coupon interest and/or the principal in the terms set with the Prospectus, the Issuer shall pay bondholders fines for each day of delay, on the basis of the official refunding rate of the National Bank of the Republic of Kazakhstan as of the day of money obligation or its part fulfillment".
                                                         
In the letter KOMBISNAB informed that:

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Hereby KOMBISNAB informs on insolvency to pay the coupon interest on offered bonds ..., within the set period, i.e. till September 30, 2009, due to the financial support delay from KOMBISNAB shareholders".

The coupon interest will be paid on October 30, 2009.