/KASE, September 30, 2020/ – Kcell (Almaty), whose shares are officially listed
on Kazakhstan Stock Exchange (KASE), has informed KASE about the following:
quote
Kcell Joint Stock Company ("Kcell" or the "Company") (LSE, KASE: KCEL; AIX:
KCEL, KCEL.Y), the leading provider of mobile telecommunications services in
Kazakhstan, announces that on 24 September 2020 the Board of Directors of the
Company approved the conclusion of an additional agreement to the Term Credit
Line Agreement No. KS 01-13-18 dated 24 September 2013 with Halyk Bank of
Kazakhstan JSC with the following conditions:
Interest rates for the use of newly issued bank loans:
for up to 12 months (inclusive):
i. 10.7% per annum in the event that the cleared credit turnover is maintained
at a level determined between the parties for the corresponding settlement
period.
ii. 11.2% per annum in the event that the cleared credit turnovers are below the
level determined between the parties for the corresponding settlement period.
for up to 36 months (inclusive):
i. 11.2% per annum in the event that the cleared credit turnover is maintained
at a level determined between the parties for the corresponding settlement
period.
ii. 11.7% per annum in the event that the cleared credit turnover is below the
level determined between the parties for the corresponding settlement
period.
On 14 July 2020, the Company announced that it signed an additional agreement
with Halyk Savings Bank of Kazakhstan Bank of Kazakhstan JSC to reduce the
interest rate from 11.5% to 11.2%.
unquote
More details are available on KASE website:
-
https://kase.kz/files/emitters/KCEL/kcel_reliz_290920_1.pdf – in Russian;
-
https://kase.kz/files/emitters/KCEL/kcel_reliz_290920_eng_1.pdf – in English.
[2020-09-30]