Astana-finance (Kazakhstan) paid off the syndicated loan in the size of $50 m.
05.09.08 15:34
/KASE, September 5, 08/ - Astana-finance (Astana), the listed company of
Kazakhstan Stock Exchange (KASE), provided to KASE the press release of the
following content:
Quotation start
Astana-finance (Kazakhstan, Astana), on September 2, 2008 paid off the
syndicated loan in the size of USD50,000,000 m.
Deutsche Bank AG, London acted as the syndicated loan organizer. Interest rates
on paying off the syndicated loan made up 6M LIBOR +1.2%. The Agreement of
the syndicated loan was signed in September 2007.
According to the consolidated financial statements data for the first half of
2008 on IFRS, as of June 30, 2008, the company assets made up KZT 271 bn., the
own capital - KZT38 bn. The company's main shareholder is Fund of Sustainable
Development Kazyna, which as of July 1, 2008 owned 25.51% of the company's
voting shares.
The company has the following ratings of international rating agencies:
- Moody's Investors Service: the long-term rating on liabilities in the foreign
currency - "Ba1", the forecast - stable
- Fitch Ratings: the long-term rating of the issuer default "BB+" , the
short-term rating of the issuer default - "B", individual rating - "D/E",
support rating - "3" and the level of support of the long-term rating of the
issuer default - "BB+".
Press Service of Astana-finance
Quotation end
[2008-09-05]