KAZAKHMYS PLC (United Kingdom) informed of signing documents to receive pre-export loan to the sum of $2.1bn.
04.03.08 21:22
/KASE, March 4, 08/ - KAZAKHMYS PLC Company (London), common
shares of which are traded in the official category "A" list of Kazakhstan
stock exchange (KASE), provided KASE with the press release, saying:
Beginning of quote
Kazakhmys PLC announces of signing documents to receive pre-export loan
to the sum of $2.1bn. that was initially announced on February 5, 2008. Five
year loan with a considerable excess of an established sum of a subscription
will be allocated on the general corporate needs, including an offered
acquisition of Ekibastuz power station.
Deutsche Bank led the conduction of the operations and the authorized
leading organizers were ABN AMRO Bank, Barclays Bank, BNP Paribas,
CALYON, Commerzbank, Deutsche Bank, Dresdner Bank, ING Bank,
Natixis, Societe Generale Corporate & Investment Banking, Sumitomo
Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ and WestLB.
The organizers were Bank of China, Fortis, JPMorgan Chase Bank, Merrill
Lynch International Bank and Rabobank International; and the co-organizer
- ICBC London.
Mathew Herd, the financial director of Kazakhmys PLC noted: "We are glad
to receive the feedback of the banking services market on our first operation,
particularly in today's uneasy market conditions. Participation of 19 banks
and a considerable excess of the established sum of a subscription on the
operation reflects our healthy balance sheet and the excellent ability to
generate cash flow, and demonstrates the support regarding our growth
strategy. It is the first opportunity for international credit investors to
participate in financing of Kazakhmys, and allows us to increase our
financial flexibility through diversification of our funding sources. We are
ready to conduct further similar projects in an appropriate time as long as
the Group continues its expansion due to a natural growth and acquisitions".
For more detailed information, please, contact the next persons:
John Smalt, Head of corporate relationships department
Tel.: +44 20 7901 7882
Mobile.: +44 787 964 2675
Olga Nekrasova, Financial analyst
Tel.: +44 20 7901 7814
" Kazakhmys PLC "
David Simpson and Tom Rendell (in English)
Leonid Fink and Anastasia Ivanova (in Russian)
Tel:+44 20 7653 6620
"Merlin"
End of quote
[2008-03-04]