VITA Delays Payment of 9th Coupon on Bonds
OREANDA-NEWS. December 07, 2010. VITA (Almaty) informed Kazakhstan Stock Exchange (KASE) by the official letter on delay of the ninth coupon on indexed at KZT to USD devaluation rate bonds KZ2CKY07B964 (KASE official list buffer category, VITAb5; KZT1,000, KZT6.0 bn, May 18, 06 - May 18, 13; semi-annual coupon indexed at the inflation rate, 9.70 % APR for the reporting coupon period; 30/360), reported the press-centre of KASE.
According to mentioned bonds issue prospectus VITA was to pay the principal on the mentioned interest from November 18 to December 1, 2010.
In the letter VITA informed that:
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Hereby, VITA informs on impossibility to pay the ninth coupon interest on bonds NIN - KZ2CKY07B964, VITAb5.
At present, the company on bonds NIN KZ2CKY07B964 has unpaid debt on coupon interest in the size of KZT352,110,000.00, the payment term from November 18 to December 1, 2010.
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