Kcell announces issue of stand by letter of credit for USD10.0 mln

/KASE, September 25, 15/ – Kcell JSC (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following information statement: quote ... in the framework of the general agreement between Kcell JSC and Citibank Kazakhstan JSC on September 23, 2015 a stand by letter of credit in the amount of USD10 mln was issued. The issue of this instrument in favor of Apple Distribution International (Ireland) will provide a delay in payment for goods of the company, which will have a positive impact on the working capital of Kcell JSC. Enquiries: Kcell Investor Relations Irina Shol Tel: +7 727 258755 ext. 1205 Investor_relations@kcell.kz unquote [2015-09-25]