OREANDA-NEWS. On June 30, 2009 Alliance Bank (Almaty) informed Kazakhstan Stock Exchange (KASE) the bank delayed payment of the fifth coupon interest on bonds KZPC5Y05B577 (KASE official list, first subcategory of Non-rated debt securities, ASBNb8; KZT1,000, KZT5.0 bn; 26.12.06 - 26.12.11, semiannual coupon 8.50 % APR; 30/360), reported the press-centre of KASE.

According to the prospectus of issue of the bonds Alliance Bank had to pay the interest on June 26, 2009. The Prospectus specifies "in case the bank delays compliance of obligations on payment of interest and/or the principal on bonds, beginning the day following the last day of payment, a fine will be paid in favor of bondholders for each day of delay, calculated on the basis of the official refinance rate of the National Bank of Kazakhstan as on the day of compliance with the money obligation or a part thereof".

Alliance Bank informed of the following in the letter:

Herewith Alliance Bank (hereafter - the Bank) ... informs that on June 26 the bank did not pay coupon interest on bonds of the fifth issue within the first bond program (NIN KZPC5Y05B577). The bank is going to issue a corresponding statement before July 7, 2009.