/KASE, February 29, 12/ - JSC "Subsidiary Bank "Sberbank of Russia"
(Almaty), whose bonds are officially listed at Kazakhstan Stock Exchange
(KASE), has provided KASE with the following press-release of February 28,
2012:
quote
OJSC "Sberbank of Russia" with the organizational support of SB JSC
"Sberbank" opened a USD2 bn credit facility for ENRC Group, which is one
of the leading ferrochrome and iron ore producers.
The funds will be channeled to implementation of the Group's investment projects.
The deal opens the list of major events in 2012 on the global market of debt
financing and serves as a clear example of the Bank's strategy aimed at
development of international transactions.
"For our Bank it is one of major deals, it can be reasonably named the deal of the
year, - says Oleg Smirnov Chairman of SB JSC "Sberbank". - Our employees
had been preparing it for six months; a great deal of work had been done. We are
pleased that we proved to all and first of all to ourselves that we can manage
deals of that magnitude. It is nice that the year 2012 began for us with such
major event, and we are set to continue that tendency. This year we suppose to
conclude more deals with Kazakhstan's companies".
unquote
The full press-release is available on KASE website, at
http://www.kase.kz/files/emitters/TXBN/txbn_reliz_280212.pdf
[2012-02-29]