KazTransGaz CJSC announced about successful attraction of syndicated loan totaling $62.5m

/Kazakhstan today, August 07, 02/ - Company KazTransGaz attracted the first syndicated loan totaling $62.5m, it is said in KazTransGaz CJSC report. As it is noted in the message, the loan was granted under guarantee of Intergaz Central Asia (ICA). It is secured by assignment of payments for gas transportation according to contract between Intergaz Central Asia and Gazprom OJSC. This syndicated credit line was used for refinancing of 3-year issue of credit notes, organized for KazTransGaz in October 2000 for acquisition of ICA business, is said in the information. The issue was carried out under guarantee of RK Government. According to words of Deputy General director Saodat Tashpulatova no guarantees from RK Government were needed for attraction of syndicated loan. The loan was attracted for 18 months at LIBOR rate plus 3.5%. Bayerische Hypo und Vereinsbank AG, Natexis Bangues Popularires, DePfa Investment BankLimited, BCEN-Eurobank entered syndicate, which was organized by Bank ABN AMRO. KazTransGaz CJSC was formed in 2000 for acquisition, control, servicing and exploiting of infrastructure of main-line gas pipelines in Kazakhstan. KazTransGaz, being owner of 100% of Intergaz Central Asia shares, is a part of national oil and gas Company KazMunaiGaz and controls main system of gas transportation of RK with extension of 9 th. km and annual transmission capacity up to 190bn cubic meters. [2002-08-07]