KAZAKHCOLD COULD HAVE TO REDEEM 200 MILLION DOLLARS IN BONDS PREMATURELY

摘要

KazakhGold, the Kazakh gold miner that Russia's Polyus Gold took over earlier this year, could have to pay off 200 million dollars in bonds ahead of term for its failure to disclose financial results for the first half of 2009. KazakhGold has issued a Notification of Event of Default under its 200-million dollars Senior Notes due 2013. "KazakhGold has been informed that the Trustee of the Trust Deed for the Senior Notes has notified holders of the Senior Notes that an event of default has occurred under the terms and conditions of the Senior Notes. The Trustee is awaiting instructions from Note-