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Akmola Kurlys Materialdary (Kazakhstan) delays payment of 5th coupon on bonds KZ2P0Y03C665 (AKKMb1)

February 9, 2010 "KASE"
/KASE, February 9, 10/ - Akmola Kurlys Materialdary (Astana) informed
Kazakhstan Stock Exchange (KASE) on delay in payment of the fifth coupon
interest on bonds KZ2P0Y03C665 (KASE, "buffer category", AKKMb1;
KZT1,000, KZT5.0 bn; 12.07.07 - 12.07.10, semiannual coupon 9.00 % APR;
30/360).

According to the bond issue prospectus of the bonds Akmola Kurlys Materialdary
had to pay the interest in the period January 12 through January 25, 2010.
The prospectus specifies "in case an issuer defaults on any sum, payable to
bondholders in accordance with the terms of the Prospectus, the issuer must pay
the bondholders a fine for each day of delay, computed on the basis of the
official refinance rate set by the Kazakhstan National Bank as on the day of
compliance with the money obligation or a part of it".

In the letter dated February 8, 2010 Akmola Kurlys Materialdary informed:

As on the current date there are 2,607,918 bonds placed. Astana-Finance is the
only bondholder. Currently we are restructuring the bond debt with Leasing
company Astana Finance.
  • Status
    redeemed
  • Country of risk
    Kazakhstan
  • Redemption (put/call option)
    *** (***)
  • Amount
    5,000,000,000 KZT
  • М/S&P/F
    — / — / —
  • Full name
    TOO "Akmola Kurlys Materialdary"
  • Industry
    Construction and development