OREANDA-NEWS. April 14, 2011. Karaganda factory of asbestos-cement products (hereinafter - the Company) informs that the Company procured equipment to produce slag cement and in the nearest future plans its installation. As the new equipment shall be put into operation after six month installation, i.e. in autumn of 2011, the Company will not be able to accumulate sufficient funds to repay the second issue bonds (NIN KZPC2Y05B806), as indicated in the action plan of January 17, 2011, reported the press-centre of KASE.

At present Karaganda factory of asbestos-cement products plans to start negotiations with bonds holder on extension of the second issue bonds circulation term till 2013 without the coupon rate change.

KASE reminds that bonds KZPC2Y05B806 (KAZIb2; KZT1, KZT1.5 bn; December 5, 06 - December 5, 11; semi-annual coupon 10.00 % APR, 30/360) are in the KASE official list buffer category.