OREANDA-NEWS. May 16, 2011. EKOTON+ (Astana) informed Kazakhstan Stock Exchange (KASE) by the official letter on delay of the ninth coupon interest payment on bonds KZ2C0405C218 (KASE official list buffer category, EKTNb1; KZT100, KZT1.0 bn; October 16, 06 - October 16, 11, the semi-annual coupon 10.00 % APR; 30/360), reported the press-centre of KASE.

According to these bonds issue prospectus EKOTON+ was to pay this interest on April 16-29, 2011.

In the letter EKOTON+ informed that:

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...April 16, 2011 is the next date of the coupon interest payment on bonds (NIN-KZ2C0405C218).

However, the issuer does not have sufficient funds to repay these obligations.

Considering the difficult situation and the existing debt repayment order the company at present negotiates with bonds holders.

Previously KASE published news of November 2, 2010 "EKOTON+ (Kazakhstan) delays payment of the 8th coupon on bonds KZ2C0405C218 (EKTNb1)" - http://www.kase.kz/en/news/show/1120352

Listed companies defaulted payment on bonds is available on KASE website  in section "Issuers" ("default") at http://www.kase.kz/ru/emitters