Agricultural credit corporation (Kazakhstan) made changes to loan agreement terms with Commerzbank AG to the amount of $136.0 m
23.12.09 17:45
/KASE, December 23, 09/ - Agricultural credit corporation (Astana), bonds of
which are present in Kazakhstan Stock Exchange (KASE) official list, informed
KASE on the following:
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Agricultural credit corporation (hereinafter - the Corporation) informs that it
negotiated with Commerzbank AG changes to previously signed loan agreement
terms to the amount of USD136 m., rating covenants on which was violated in
July 2009.
On December 21, 2009, the Corporation signed the loan agreement to moderate
rating covenants and gradually repay the principal on this loan.
In pursuance of agreement new terms the Corporation on December 22 made
the first payment on the principal in the size of USD10 m.
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[2009-12-23]