OREANDA-NEWS. December 18, 2009. BTA Bank (Almaty) informed the Kazakhstan Stock Exchange (KASE) TuranAlem Finance B.V. (Rotterdam) delayed payment of the thirteenth coupon interest on international bonds XS0168848801 (KASE, "buffer category", BTASe3; USD600.0 m; 02.06.03 - 02.06.10; semiannual coupon 7.875 % APR, 30/360), reported the press-centre of KASE.

According to a circular of the issue of the bonds TuranAlem Finance B.V. had to pay the interest on December 2, 2009.

The bank informed of the following:

Herewith we inform TuranAlem Finance B.V. did not pay the coupon interest on Euro bonds (ISIN XS0168848801, ...), in connection with a decision on suspension of interest payment beginning July 22, 2009.

Earlier KASE released news on July 27, 2009 "BTA Bank (Kazakhstan) informed on a creditors meeting and temporary interest payment suspension beginning July 22, 2009" - http://www.kase.kz/en/news/show/1079467

Currently twelve companies listed on KASE informed of insolvency to fully or partially comply with obligations on their bonds. The list of listing companies, that admitted default on bonds, is available at the KASE website at section "Issuers" ("default") at http://www.kase.kz/en/emitters

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