Kcell announces decreasing interest rate under additional agreement with Subsidiary Bank Alfa-Bank

05.01.21 21:37
/KASE, January 5, 2021/ – Kcell (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following communique dated January 5, 2021: 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, in accordance with the decision of the Board of Directors, on 30 December 2020, the Company has entered into an additional agreement to the current main loan agreement with Subsidiary Bank Alfa Bank Kazakhstan JSC on reducing the interest rate from 11.2% per annum to 10.7% per annum on bank loans for a period of 36 months. unquote This information is available on: - https://kase.kz/files/emitters/KCEL/kcel_reliz_050121_1.pdf – in Russian; - https://kase.kz/files/emitters/KCEL/kcel_reliz_050121_eng_1.pdf – in English. [2021-01-05]