Kcell announces extension of the credit line agreement with Subsidiary Bank Alfa Bank JSC
/KASE, June 28, 2018/ – Kcell (Almaty), whose securities are officially listed
on Kazakhstan Stock Exchange (KASE), has informed KASE as follows:
Almaty, 28 June 2018 - Kcell Joint Stock Company (LSE, KASE: KCEL) (“Kcell”
or the "Company") (LSE, KASE: KCEL), the leading provider of mobile
telecommunications services in Kazakhstan by market share in terms of revenue
and subscribers, announces that its Board of Directors has approved an extension
of KZT 10 billion loan under the Master Facility Agreement #82.2090/2016 dated 8
June 2016 between Kcell JSC and Subsidiary Bank Alfa Bank Kazakhstan JSC.
Under the new agreement, the facility will be extended until 8 June 2019. The
interest rate for new loans within the facility will be reduced to 12.0% p.a.
(from 14.5%). The commission fee for the changes made to the terms and
conditions is set at 1% of the total amount.
Tel: +7 727 2582755, ext. 1002
Tel: +7 727 2582755, ext. 1902
Kay Larsen, Galyna Kulachek Tel: +44 207 457 2020,