Kcell announces concluding KZT10 bn loan agreement with Halyk Savings Bank of Kazakhstan

14.05.19, 16:26
/KASE, May 14, 2019/ – Kcell (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following communiqué dated May 14, 2019: quote Kcell Joint Stock Company ("Kcell" or the "Company") (LSE, KASE: KCEL), the leading provider of mobile telecommunications services in Kazakhstan, announces that it has obtained a KZT 10 billion tranche of the approved credit line from Halyk Bank of Kazakhstan JSC. This tranche was obtained within the framework of the bank loan agreement signed between Kcell JSC and Halyk Bank of Kazakhstan JSC on 24 September 2013. The loan dated 13 May 2019 is provided for a three-year term until 12 May 2022 with an interest rate of 11.0% p.a. The principal redemption will be made by a one-off payment on the expiry date of the loan. Enquiries: Kcell Investor Relations Irina Shol Tel: +7 727 2582755, ext. 1002 Investor_relations@kcell.kz Media Natalya Eskova Tel: +7 727 2582755 ext. 1902 Pressa@kcell.kz International media Instinctif Partners Kay Larsen, Galyna Kulache Tel: +44 207 457 2020 unquote [2019-05-14]