| 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 Temir Zholy settles fine for overdue bond coupon
By Marisa Wong
Morgantown, W.Va., Oct. 16 – JSC Doszhan Temir Zholy paid a fine on the 10th coupon for its KZT 30 billion inflation-linked bonds due Aug. 2, 2028, according to a Kazakhstan Stock Exchange notice.
The fine covers the 59-day overdue period from Aug. 15 to Oct. 12.
The fine was calculated based on the refinancing rate of the National Bank of Republic of Kazakhstan of 5½% per year. The fine amounted to KZT 2,338,507.
As of Thursday, the company fully offset liabilities on the overdue 10th coupon, the notice said.
As previously announced, the company made partial payments on the 10th coupon in September and October.
The company was supposed to pay the 10th coupon from Aug. 2 to Aug. 14.
The annual rate is 4¾% for the current coupon period.
As previously reported, the company paid off the overdue interest for the ninth coupon period of the same bonds in April. The company had been in partial default for making only a partial payment on the August 2014 coupon.
Doszhan Temir Zholy constructs and operates railway lines and is based in Oskemen, 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.