OREANDA-NEWS. On March 12, 2009 Kazakh distribution company (Almaty) informed Kazakhstan Stock Exchange (KASE) by the official letter on intention to delay payment of the 4th coupon interest on its bonds KZ2C0Y03C387 (KASE official list, the second subcategory of "Non-rated Debt Securities", KZDKb1; KZT1,000, KZT1.0 bn.; March 1, 07 - March 1, 10, the semi-annual coupon indexed on the inflation rate, 11.00 % APR for the current coupon period; 30/360) till March 31, 2009, i.e. with breach of the coupon payments schedule, stipulated by the mentioned bonds issue prospectus, reported the press-centre of KASE.

According to the mentioned bonds issue prospectus Kazakh distribution company must pay this interest on March 1-16, 2009. The issue prospectus stipulates that in case on non-payment by the issuer of any amount, which he must pay in compliance with this issue prospectus terms, the issuer must pay a penalty for each day of delay, accrued based on the official re-funding rate of the National Bank of the Republic of Kazakhstan at the day of the monetary obligation fulfillment or its corresponding part".

In the letter Kazakh distribution company informed on the following:

Kazakh distribution company informs that the interest on coupon bonds NIN KZ2C0Y03C387 will be paid till March 31, 2009 due to the crisis formed. In the mentioned period is expected the increase of sales volume and return of funds from customers.

Quotation end

Except Kazakh distribution company, at present six companies, securities of which are present in KASE official list, informed on inability to fully or partially fulfill their obligations on bonds. Listed companies defaulted payment on bonds is available on KASE website in section "Issuers" ("default") at address http://www.kase.kz/en/emitters