Bank CenterCredit JSC (Kazakhstan) signed an agreement on borrowing a USD300 m. syndicated loan - release

/KASE, July 19, 06/ - Bank CenterCredit JSC (Almaty), shares and bonds of which are traded in Kazakhstan stock exchange's (KASE) official "A" listing category, today spread press-release saying: quotation start Bank CenterCredit JSC ("Bank") announced about signing of a syndicated credit agreement for a total of USD300 m. The deal was organized by ING Bank, London, Standard Bank Plc and Sumitomo Mitsui Banking Corporation Europe Limited, which acted as the leading organizers. It was announced about the beginning of the transaction with the initial amount of USD150 m. on May 18 of 2006 to a wide group of banks all over the world. During two stages of syndication there were received bids from 50 financial institution for about USD350 m. Vladislav Lee the Chairman of the Bank's Executive committee said "a special interest of foreign investors was aroused by a new structure of the deal, including one-, two- and three-year draw-downs. It's notable that sums borrowed for various periods were divided proportionally, at that, two thirds of credit funds are concerned with two- and three-year parts of the borrowing. This evidences about the growing trust in the Bank in a long-term outlook". quotation end [2006-07-19]