Sum of syndicated credit of Kazakhmys during signing had already exceeded the initial $2 bn.

/INTERFAX-KAZAKHSTAN, Almaty, January 14, 08/ - Demand of investors on offered loan by Kazakhmys had exceeded by $2 bn. the suggestion of company, the agency Thomson Financial informed. The signing was executed by Deutsche Bank, which is authorized organizer of loan. Syndication had entered the first stage in the end of last year. Margin was set on the level of 125 b.p. + Libor. Such high demand from the side of investors on the first stage shows that general syndication now is hardly possibly, the agency notes. Participants of syndication are positively considering the fact that Kazakhmys had rarely addressed to loan funds (last borrowing was made by the company ion year 2004). Kazakhmys - is the largest copper producer in Kazakhstan; in year 2005 had offered its shares on exchange in London form the name of registered in Great Britain holding Kazakhmys Plc. Kazakhmys includes four production units: Zhezkazgantsvetmet, Balkhashtsvetmet, Vostoktsvetmet, Karagandatsvetmet, and also has oil and gold extracting subdivisions. [2008-01-15]