/KASE, June 7, 2019/ – Kcell (Almaty), whose shares are officially listed on
Kazakhstan Stock Exchange (KASE), has provided KASE with the following
communiqué dated June 6, 2019:
quote
Kcell Joint Stock Company (LSE, KASE: KCEL) ("Kcell" or the "Company")
(LSE, KASE: KCEL), the leading provider of mobile telecommunications
services in Kazakhstan, announces that following approval from the Board of
Directors, the Company has entered an additional agreement to the current
Facility Agreement #82.2090/2016 dated 8 June 2016 with Subsidiary Bank
Alfa Bank Kazakhstan JSC, which defines the following conditions:
- Extend the term of the credit line until 12 April 2024
- Increase the size of the credit line to KZT 14 billion from KZT 10 billion
- Increase the term of bank loans to 36 months from 12 months
- Change the interest rate to 11.2 percent per annum for loans for a period of
up to 12 months, and for a term of more than a year at a rate of 11.2 percent
per annum where the rate of the National Bank of the Republic of
Kazakhstan ("NB RK") is less than or equal to 10 percent. Should the NB RK
rate be higher than 10 percent, then the interest rate for a term of more than
12 months will be set at the NB RK rate plus 2.5 percent. The previously
agreed interest rate was 12.0 percent.
unquote
This information is available on –
http://kase.kz/files/emitters/KCEL/kcel_reliz_060619_eng_1.pdf
[2019-06-07]