Bank CenterCredit OJSC (Kazakhstan) informed about borrowing of syndicated loan in the amount of $15.0 m

/KASE, November 5, 02/ - Bank CenterCredit OJSC (Almaty), whose shares and bonds are circulating under Kazakhstan stock exchange's (KASE) official "А" listing category, informed the stock exchange that on September 25 of 2002 the bank and syndicate of commercial banks signed credit agreement for the amount of USD15.0 m. Major organizers of the syndicated loan were Citibank N.A. and Raiffeisen Zentral Bank AG. The staff of syndicate's participants comprised also: Dresdner Bank Luxembourg S.A., Bank Austria Creditanstalt AG, Bayerische Hypo- und Vereinsbank A.G., Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. und Westbank AG. The credits was given for term of 12 months with option for prolonging for the next 6 months at the rate LIBOR + 3,20%. According to the information of Bank CenterCredit OJSC the syndicated loan will be directed towards giving support to the companies - bank's clients, which need more access for the term financing with the purpose of extension of their business. Before the bank borrowed syndicated loan already in the amount of $11.0 m. This credit agreement is the second syndicated loan in the bank's history and differs with the longer period of borrowing and lower interest rate in comparison with previous one. [2002-11-05]