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Kazakhstan's Doszhan Temir Zholy pays portion of overdue coupon
By Marisa Wong
Madison, Wis., Sept. 20 - JSC Doszhan Temir Zholy made another partial interest payment for the eighth coupon period of its KZT 30 billion inflation-linked bonds due Aug. 2, 2028, according to a Kazakhstan Stock Exchange announcement.
On Sept. 18 the company paid KZT 98,096,381.20, or 8%, of the interest accrued for the period from Aug. 1 to Aug. 14.
According to a prior notice from bondholder representative ATFBank, the company is in partial default for making only a partial payment on the Aug. 15 coupon. On Aug. 15, the company paid KZT 49,048,190.60, or 4%, of the annual coupon, leaving KZT 1,177,156,574.40 unpaid. On Aug. 27, the company made another partial payment KZT 49,048,190.60.
Doszhan Temir Zholy constructs and operates railway lines and is based in Almaty, Kazakhstan.
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