| 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 makes payment on overdue coupon for bonds
By Marisa Wong
Madison, Wis., May 30 - JSC Doszhan Temir Zholy made an interest payment on its KZT 30 billion of debentures due Aug. 2, 2028 on May 28, according to a company letter delivered to the Kazakhstan Stock Exchange on Thursday.
Specifically, Doszhan made a partial payment of KZT 129,247,081, or 5% of the total interest accrued, for the seventh coupon period.
Bondholder representative ATF Bank had announced in July 2012 that Doszhan lacked sufficient funds to make the interest payment for the seventh coupon period on Aug. 1, 2012 through Aug. 14, 2012.
The issuer made a partial payment of KZT 1,085,675,483, or 42% of the total interest due, on Aug. 14, 2012; a partial payment of KZT 51,698,833, or 2% of the total interest due, on Sept. 20, 2012; a partial payment of KZT 77,548,249, or 3% of the total interest due, on Oct. 20, 2012; a partial payment of KZT 77,548,249, or 3% of the total interest due, on Nov. 22; a partial payment of KZT 465,289,493, or 18% of the total interest due, on Dec. 11; a partial payment of KZT 77,548,249, or 3% of the total interest due, on Jan. 23; another partial payment of KZT 77,548,249, or 3% of the total interest accrued, on Feb. 20; a payment of KZT 129,247,081, or 5% of the total interest accrued, on March 27; and another payment of KZT 129,247,081, or 5% of the total interest, on April 22.
According to another letter delivered to the Kazakhstan Stock Exchange on Thursday, Doszhan paid a fine on May 27 for the overdue fourth coupon to holders of the same debentures. The fine totaled KZT 8,099,563.
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.