Imstalcon (Almaty) did not pay 12th coupon on bonds KZP01Y07D747
OREANDA-NEWS. Imstalcon (Almaty), whose bonds are officially listed on KASE, has by an official letter informed KASE of a non-payment of the 12th coupon interest on its bonds KZP01Y07D747 (KZ2C00000420, KASE official list, buffer category, IMSKb3).
Imstalcon in its letter announces the following:
On January 25, 2016 Almaty Special inter-district economic court (ASIEC) took a decision on applying the rehabilitation procedure to Imstalcon JSC, which came into force following a decision of the appeal judicial board of the Almaty City Court on civil and administrative cases on March 30, 2016.
According to the decision made, all bodies of the legal entity (Imstalcon JSC) were debarred from assets disposal (including cash), therefore the Company announces its incapability to pay coupon interest on the first issue of debt securities issued under the second bond program (NIN – KZP01Y07D747, ISIN – KZ2C00000420), in September 2016 to the amount of KZT24,000;