OREANDA-NEWS. May 27, 2010. Combine for construction materials and structures-2 LLP (Almaty oblast) informed Kazakhstan Stock Exchange (KASE) the company redeemed on May 24, 2010 a part of the debt on the second coupon interest on bonds KZ2P0Y03C772 (KSM2b1; KZT100, KZT1.5 bn; 03.01.08 - 03.01.11, annual coupon 12.00 % APR; 30/360), reported the press-centre of KASE.

The letter says Combine for construction materials and structures-2 paid a part of the interest in the amount of KZT4,000,000.00.

According to the prospectus of the bonds Combine for construction materials and structures-2 had to pay the second coupon interest in the period January 5 through January 19, 2010.

The KASE Listing commission removed the bonds from KASE February 1, 2010.

Earlier KASE released news on January 19, 2010 "Combine for construction materials and structures-2 (Kazakhstan) delays payment of 2nd coupon on  bonds KZ2P0Y03C772 (KSM2b1)" - http://www.kase.kz/en/news/show/1093657

Currently fourteen 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