OREANDA-NEWS. May 24, 2010. DTZ (the Company) paid the fourth coupon and in accordance with item 8 of article 31 of the Law of the Republic of Kazakhstan "On Securities Market" must pay KZT314.071 m in fines, as calculated on the basis of the current 7 % official refinance rate of the National Bank, reported the press-centre of  KASE.

As special purpose budget funds may not be paid as the fine, the debt may only be redeemed from funds available at the Company through its operation.

Due to shortage of own funds to pay the fine to bondholders, the company is seeking to discuss a possibility the fine be paid in installments.

Currently, the company is working with state agencies and shareholders on the proposed project finance plan for purposes of its further implementation and will provide additional information on its availability.

Ends

According to the bond issue prospectus DTZ had to pay the fourth coupon interest in the period August 1 - 14, 2009.

Related links:

- KASE news released May 18, 2010 "DTZ (Kazakhstan) on payment of debt   on 4th coupon on bonds KZ2CKY23B672 (DTJLb1)" - http://www.kase.kz/en/news/show/1104393

- KASE news released May 17, 2010 "ATFBank: DTZ pays 4th coupon on bonds KZ2CKY23B672 (DTJLb1)" - http://www.kase.kz/en/news/show/1104240

- KASE news released May 7, 2010 "ATFBank: DTZ pays part of 4 h coupon on bonds KZ2CKY23B672 (DTJLb1)" - http://www.kase.kz/en/news/show/1103549