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Prospect News home > News index > List of issuers R > Headlines for RT Holding > News item
Published on 9/21/2010 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Kazakhstan's RT Holding delays seventh coupon payment on 9.8% bonds

By Caroline Salls

Pittsburgh, Sept. 21 - RT Holding has delayed the seventh coupon payment on its 9.8% bonds, according to a news release.

The seventh payment was scheduled to be made between Sept. 20 and Oct. 1.

The company said it delayed the payment because of a decline in operating activities stemming from a sharp decrease in consumer demand for construction materials in Kazakhstan and RT Holding's debtors' failure.

RT Holding is an Almaty, Kazakhstan cement company.


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