Eurasian Bank (Kazakhstan) announces concluding non-arm's length deal
13.09.13 11:29
/KASE, September 13, 13/ – Eurasian Bank (Almaty), whose bonds are officially
listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed
KASE of the following:
quote
...the Bank has concluded a non-arm's length deal (Agreement on provision of a
loan facility (Minutes of Board of Directors 109 dated September 3, 2013):
1) date when the joint-stock company's body took a decision to conclude the
deal – September 3, 2013
2) value of underlying asset – USD3,000,000 (three million)
3) date of the most recent valuation of the underlying asset – not applicable
4) percentage ratio of the value of underlying asset to the value of the joint-
stock company's total assets – 0.09%
5) main substantial terms of the deal – interest rate 12% p.a., financing term –
36 months
6) deal conclusion date – September 3, 2013
unquote
[2013-09-13]