ASIA AVTO (Kazakhstan) announces major deal with Tsesnabank

/KASE, February 18, 13/ – JSC "ASIA AVTO" (Ust-Kamenogorsk), whose common shares are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote JSC "ASIA AVTO" notifies ... of concluding a major deal (General loan agreement) with JSC "Tsesna Bank", and provides the following data on the deal concluded: 1) the date when the joint-stock company's body took a decision on concluding the deal – February 8, 2013, Board of Directors. 2) the value of underlying assets – KZT6,000,000,000. 3) the date of the most recent appraisal of the value of underlying assets: no valuation required. 4) percentage ratio of the underlying assets' value to the total value of assets of that joint-stock company: 29.83 %. 5) the main substantial terms of the deal: revolving loan facility with th term of 24 months, with accessibility period of 18 months, with the interest rate of 12- 13% APR. 6) the deal conclusion date: February 8, 13. unquote [2013-02-18]