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Prospect News home > News index > List of issuers K > Headlines for Kazakhstan Kagazy JSC > News item
Published on 9/7/2010 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Kazakhstan Kagazy delays eighth coupon interest payment on 7.7% bonds

By Caroline Salls

Pittsburgh, Sept. 7 - Kazakhstan Kagazy has delayed the KZT 131.92 million coupon interest payment due Sept. 6 on its 7.7% bonds, according to a company news release.

The company is required to pay fines to the bondholders for each day the payment is delayed.

The issuer said it is negotiating with bondholders.

As of Tuesday, KZT 287.83 million was due on the bonds.

Kazakhstan Kagazy is an industrial group based in Almaty, Kazakhstan.


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