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

/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