OREANDA-NEWS. May 24, 2010. RT Holding (Almaty, in the quotation - the company) informed Kazakhstan Stock Exchange (KASE) by the official letter on delay of the fifth coupon interest payment on its bonds KZPP1Y05C357 (KASE official list buffer category, KSMKb2; KZT1,000, KZT1.3 bn; November 6, 07 - November 6, 12; the semi-annual coupon indexed at the inflation rate, 8.50 % APR for the reporting coupon period, 30/360), reported the press-centre of  KASE.

According to the mentioned bonds issue prospectus RT Holding must have paid the interest on May 6-20, 2010.

In the letter RT Holding informed that:

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RT Holding hereby informs on inability to fulfill obligations to holders of the 1st coupon bonds issue NIN KZPP1Y05C357 ... on payment of the fifth coupon interest within set forth in the issue prospectus, on May 6, 2010 in the size of KZT54,380,875 (fifty four million three hundred eighty thousand eight hundred seventy five). The main cause of delay is the decrease of operations due to the sharp decline of the consumer demand for construction materials in the Republic of Kazakhstan and non-fulfillment of obligations by debtors.

Considering the above said we request to extend coupon interest payment time for the fifth coupon period on August 6, 2010, according to announced and approved action plan on the default elimination and negotiates with holders the coupon interest debt restructuring. The Company guarantees the coupon interests and accumulated penalty payment at the repayment moment in the full volume and I in compliance with requirements of the legislation of the Republic of Kazakhstan.