Kcell signs revolving credit line agreement with Bank of China Kazakhstan worth KZT9.5 bn
/KASE, July 30, 2019/ – Kcell (Almaty), whose shares are officially listed on
Kazakhstan Stock Exchange (KASE), has provided KASE with the following information
statement dated July 30, 2019:
Kcell Joint Stock Company (“Kcell” or the “Company”) (LSE, KASE: KCEL), the
leading provider of mobile telecommunications services in Kazakhstan, announces
that on 25 July 2019, Kcell JSC and AB “Bank of China Kazakhstan” JSC signed an
Agreement for the provision of a revolving credit line No. 192004 in the amount
of KZT 9.5 billion. The term of the credit line is 36 months with a fixed interest
rate of 10.5% per annum.
The guarantee for the fulfillment of Kcell JSC of its obligations under this
Agreement is provided by Kazakhtelecom JSC.
Irina Shol, tel. +7 727 2582755, ext. 1002
Kay Larsen / Galyna Kulachek
Tel: +44 207 457 2020