Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for Doszhan temir zholy > News item |
Kazakhstan's Doszhan pays fine on overdue fourth coupon for bonds
By Marisa Wong
Madison, Wis., June 27 - JSC Doszhan Temir Zholy paid a fine for the fourth coupon period to holders of its KZT 30 billion debentures due Aug. 2, 2028 on Monday, according to a company letter delivered to the Kazakhstan Stock Exchange.
The fine for the overdue fourth coupon totaled KZT 8,099,563. The company also paid a fine for the late fourth coupon in the same amount on May 21.
Doszhan previously repaid in full the overdue sixth coupon for those same bonds, along with a fine for the delay.
Bondholder representative ATF Bank had announced in August 2011 that Doszhan was in partial default under the debentures. The sixth coupon was originally due Aug. 15, 2011. The company made partial interest payments through March.
Doszhan Temir Zholy constructs and operates railway lines and is based in Almaty, Kazakhstan.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.