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Astana-finance (Kazakhstan) delays the 6th coupon payment on bonds KZPC1Y10C202 (ASFIb11)

October 8, 2009 "KASE"
/KASE, October 8, 09/ - Astana-finance (Astana) informed Kazakhstan Stock
Exchange (KASE) by the official letter on delay of the sixth coupon interest
payment on bonds KZPC1Y10C202 (KASE official list buffer category, ASFIb11;
KZT100, KZT500.0 m; September 28, 06 - September 28, 16, the semi-annual
coupon 7.50 % APR; 30/360).

According to the bonds issue prospectus Astana-finance had to pay the interest in
the period from September 28 to October 9, 2009. The prospectus specifies that
"in case of default on payment or incomplete payment at fault of the Issuer of
coupon interest and/or the principal in the terms set with the Prospectus, the
Issuer shall pay bondholders fines for each day of delay, on the basis of the
official refunding rate of the National Bank of the Republic of Kazakhstan as of
the day of money obligation or its part fulfillment".

In the letter Astana-finance informed that:

At present the company is restructuring financial obligations and is developing
the appropriate plan jointly with involved financial and legal advisors.

The coupon interest on mentioned bonds repayment time shall be informed
additionally after approval of the restructuring plan.
  • Status
    redeemed
  • Country of risk
    Kazakhstan
  • Redemption (put/call option)
    *** (***)
  • Amount
    5,051,578,800 KZT
  • М/S&P/F
    — / — / —
Company — Astana-finance
  • Full name
    Joint Stock Company "Astana-finance"
  • Registration country
    Kazakhstan
  • Industry
    Financial institutions