Kazneftehim Delays Payment of 9th Coupon on Bonds
OREANDA-NEWS. October 28, 2009. Kazneftehim (Almaty) informed Kazakhstan Stock Exchange (KASE) by the official letter on delay of payment of the ninth coupon interest on its indexed at KZT to USD devaluation rate bonds KZ2CKY05B273 (KASE official list, the second subcategory of "Non-rated Debt Securities", KZNHb2; KZT1, KZT4.0 bn.; February 18, 05 - February 18, 10, the semi-annual coupon 10.00 % APR; 30/360), reported the press-centre of KASE.
According to the mentioned bonds issue prospectus Kazneftehim must have paid this interest on August 18-20, 2009. If non-payment of the interest on mentioned bonds will last more than 15 days, bonds holders can "by written notice of Kazneftehim and the Registrar announce bonds as liable to immediate repayment".
In the letter Kazneftehim informed in the following:
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Hereby we notify that due to the delay of export income, repayment of the 9th coupon interest to all Kazneftehim corporate bonds holder, NIN KZ2CKY05B273 shall be paid with the next in turn payment.
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