OREANDA-NEWS. June 22, 2009. Astana-finance (Astana) informed Kazakhstan Stock Exchange (KASE) by the official letter on delay of payment of the third coupon interest on its eurobonds KZPC1Y03C538 (KASE official list, the first subcategory of "Non-rated Debt Securities", ASFIb13; KZT1, KZT42.0 bn; June 7, 07 - June 7, 10, the annual coupon 7.88 % APR; 30/360), reported the press-centre of KASE.

According to the mentioned bonds issue prospectus Astana-finance must have been paid this interest on June 7-19, 2009. The issue prospectus stipulates that "in case of non-payment by the issuer of any amount, payable to bonds holders in compliance with this Prospectus terms, an Issuer must pay to this issue bonds holders a fine for each day of delay, accrued based on the official refunding rate of the National Bank of the Republic of Kazakhstan on the day of the monetary obligations fulfillment or its corresponding part".

In the letter Astana-finance informed that:

Astana-finance informs that according to the published press release of May 19, 2009 the coupon interest on... bonds within the sixth bond program first issue (NIN KZPC1Y03C538); ... connected with international loans will not be paid. The coupon interest on mentioned bonds repayment terms will be announced additionally after approval of debt obligations restructuring plan.

Previously KASE published the news of May 19, 2009 "Astana-Finance (Kazakhstan) and Astana Finance B.V. (Netherlands) stop pay coupon interest and principal on international debt, principal on domestic debt beginning May 15" - http://kase.kz/en/news/show/1074162

At present ten companies, securities of which are present in KASE official list, informed on inability to fully or partially fulfill their obligations on bonds. The lust of listed companies that defaulted on their bonds, is available on KASE website in section "Issuers" ("default") at http://www.kase.kz/en/emitters