18.08.2015, 14:01
ATFBank says Doszhan Temir Zholy (DTZ) partially defaulted on tenth coupon on bonds KZ2C0Y23B676 (KZ2C00000701, DTJLb1)
OREANDA-NEWS. ATFBank JSC (Almaty, hereinafter – the Bank), a representative of holders of infrastructure bonds KZ2C0Y23B676 (KZ2C00000701, KASE official list, buffer category, DTJLb1) of Doszhan Temir Zholy (DTZ) (Oskemen), has by an official letter informed Kazakhstan Stock Exchange (KASE) of the following:
"...Based on agreement No. 2 dated July 20, 2005 on representation of interests of bondholders concluded between the Bank and Doszhan Temir Zholy (DTZ) (hereinafter – the Issuer), the Bank reports the following.
According to the issue prospectus of the Issuer's bonds, the coupon payment shall be made once a year, with a time-base 360/30 (360 days a year/30 days a month), respectively, through each year, starting from the bonds circulation starting date (August 2, 2005) until maturity in KZT, through cashless payment in current accounts of bondholders, within 10 business days after the last day of the period for which the payment is made.
The period of payment of the next annual coupon interest on infrastructure bonds (NIN KZ2CKY23B672) ended August 14, 2015. The issuer upon expiration of the required term has paid the part of the coupon interest in the amount of KZT1,229,242,400.40 (one billion two hundred twenty nine million two hundred forty two thousand four hundred tenge 40 tiyn). At the same time, the outstanding amount of coupon interest on infrastructure bonds amounted to KZT307,310,600.10 (three hundred seven million three hundred ten thousand six hundred tenge 10 tiyn) in connection with which the Bank notifies the bondholders, the trading organizer on partial issuer default.
In order to protect the interests of bondholders of DTZ (NIN KZ2C0Y23B676) the Bank has sent a letter demanding to provide an action plan for the payment of arrears for the 10th coupon period by August 24, 2015".
"...Based on agreement No. 2 dated July 20, 2005 on representation of interests of bondholders concluded between the Bank and Doszhan Temir Zholy (DTZ) (hereinafter – the Issuer), the Bank reports the following.
According to the issue prospectus of the Issuer's bonds, the coupon payment shall be made once a year, with a time-base 360/30 (360 days a year/30 days a month), respectively, through each year, starting from the bonds circulation starting date (August 2, 2005) until maturity in KZT, through cashless payment in current accounts of bondholders, within 10 business days after the last day of the period for which the payment is made.
The period of payment of the next annual coupon interest on infrastructure bonds (NIN KZ2CKY23B672) ended August 14, 2015. The issuer upon expiration of the required term has paid the part of the coupon interest in the amount of KZT1,229,242,400.40 (one billion two hundred twenty nine million two hundred forty two thousand four hundred tenge 40 tiyn). At the same time, the outstanding amount of coupon interest on infrastructure bonds amounted to KZT307,310,600.10 (three hundred seven million three hundred ten thousand six hundred tenge 10 tiyn) in connection with which the Bank notifies the bondholders, the trading organizer on partial issuer default.
In order to protect the interests of bondholders of DTZ (NIN KZ2C0Y23B676) the Bank has sent a letter demanding to provide an action plan for the payment of arrears for the 10th coupon period by August 24, 2015".
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