Kazakhstan's Doszhan pays remaining fine on overdue coupon for bonds

By Marisa Wong

Madison, Wis., Aug. 19 - JSC Doszhan Temir Zholy paid an KZT 8.1 million fine on Aug. 14 for the fourth coupon period to holders of its KZT 30 billion of debentures due Aug. 2, 2028, according to a company letter delivered to the Kazakhstan Stock Exchange on Monday.

The company has been paying fines for the overdue fourth coupon since September 2010. The fines have amounted to KZT 314.08 million.

The penalty has now been paid in full, according to the letter.

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.