Development Bank of Kazakhstan CJSC informed KASE details of syndicated loan borrowing

/KASE, July 18, 02/ - Development Bank of Kazakhstan CJSC (Astana), whose shares are traded in the official list of Kazakhstan stock exchange (KASE) under "A" listing category, informed KASE about the fact that on July 12, 2002 the bank signed up agreement about receiving loan in the amount of USD28m. The loan has been received from syndicate, participants of which are: ING Bank N.V., Bank Brussels Lambert S.A./N.V., Kuwait Investment Company S.A.K., Landesbank Schleswig-Holstein Girozentrale, Standard Bank London Limited, Bankgesellschaft Berlin AG, Dresdner Bank Luxembourg S.A., Westdeutsche Landesbank Girozentrale, Europaisch-Iranische Handelsbank AG. As it was informed already, the loan is given for one year with the possibility of double prolonging for further six months. Means are borrowed at the rate LIBOR+2.7%APR. Borrowing of the syndicated loan will allow Development Bank of Kazakhstan CJSC to extend its investment activity and to start a new stage of its activity. [2002-07-18]