OREANDA-NEWS. September 30, 2009. Kazneftehim (Almaty) informed Kazakhstan Stock Exchange (KASE) the company delayed payment of the ninth coupon interest on indexed to devaluation of tenge to dollar bonds KZ2CKY05B273 (KASE, second subcategory of Non-rated debt securities, KZNHb2; KZT1, KZT4.0 bn; 18.02.05 - 18.02.10, semiannual coupon 10.00 % APR; 30/360), reported the press-centre of KASE.

According to the bond issue prospectus Kazneftehim had to pay the interest in the period August 18 through 20, 2009. If delay on coupon payment on the bonds exceeds 15 days, bondholders may "through written notification of Kazneftehim and the Registrar announce the bonds as subject to immediate maturity".

Kazneftehim informed:

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... due to force-majeure- KazTransOil changing beginning September 21, 2009 the route of oil transportation from Oddessa (the Ukraine) to Novorossiysk (Russia) and accordingly, terms of receipts of funds from oil export, we are forced to ask for prolongation in redemption of the ninth coupon interest to all holders of corporate bonds of Kazneftehim, NIN KZ2CKY05B273 - till October 20, 2009.

We guarantee full compliance with financial obligations in regard of the regular coupon.