ATFBank JSC signed $50 m syndicated loan agreement

/IRBIS, Assel Omarova, July 19, 04/ - ATFBank JSC (Almaty), whose shares are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), distributed today a press-release informing on syndicated loan agreement signed on July 15, 2004. Total sum of the loan is $50.0 m, term - 18 months, interest rate - LIBOR plus 220 basic points. Counter side of the agreement is Standard Bank London Limited, a single agent of the loan. The volume of actually attracted money is by 67% more than initially proclaimed amount of the syndicated loan. Funds raised through the loan are to be directed on trade financing of ATFBank's clients. Organizers of the deal are Abu Dhabi Commercial Bank and Wachovia Bank, National Association. Co-organizers - Demir-Halk Bank (the Netherlands) N.V., State Bank of India, Mashreqbank psc, ING Bank N.V., Moscow Narodny Bank Limited and JPMorgan Chase Bank-IBF. Lead-managers - Natexis Bankques Populaires, National Bank of Egypt International Limited, HSBC Bank Kazakhstan, The Export-Import Bank of the Republic of China and American Express Bank GmbH. Managers - Bank of Overseas Chinese, BRE Bank, The Bank of New York, Alpha Bank A.E., Bankgesellschaft Berlin AG and Deutsche Bank AG London. ATFBank informed that it is a fifth international syndicated loan attracted by the bank. [2004-07-19]