Kcell announces opening of credit line at Subsidiary JSC VTB Bank (Kazakhstan)

20.10.20 10:42
/KASE, October 20, 2020/ – Kcell (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows: 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 it has entered into a credit line agreement with Subsidiary JSC VTB Bank (Kazakhstan) for KZT 6 billion for a period of 36 months. The new credit line will be used primarily to finance working capital, including the refinancing of debt from other banks. The interest rate is set at 10.7% per annum. unquote Detailed information is available on KASE website at: - https://kase.kz/files/emitters/KCEL/kcel_reliz_191020_1.pdf – in Russian; - https://kase.kz/files/emitters/KCEL/kcel_reliz_191020_eng_1.pdf – in English. [2020-10-20]