Nurbank OJSC (Kazakhstan) informed about terms of syndicated loan borrowing in the amount of $15.0 m

/KASE, November 5, 02/ - Nurbank OJSC (Atyrau), whose bonds are circulating under Kazakhstan stock exchange's (KASE) official "А" listing category, informed KASE with the official letter about terms of the credits documentation (of syndicated loan) in the amount of $15.0 m, which had been signed on October 28 of the current year between the bank and Standard Bank London Limited (England). According to the information of Nurbank OJSC the syndicated loan was given for the term of 180 days since agreement signing with the right of prolonging for the term of 180 days till the standard maturity date. The interest rate on the loan was fixed, based on the rate LIBOR (for deposits in US dollars for corresponding period) + margin in the amount of 3.25% + other compulsory payments (in case of their appearance). As it was informed before, the loan will be directed towards financing foreign trade deals of the bank's major clients. [2002-11-05]