Kcell concludes supplement to loan agreement with SB Alfa-Bank
/KASE, June 7, 2019/ – Kcell (Almaty), whose shares are officially listed on 
Kazakhstan Stock Exchange (KASE), has provided KASE with the following 
communiqué dated June 6, 2019:

quote

Kcell Joint Stock Company (LSE, KASE: KCEL) ("Kcell" or the "Company") 
(LSE, KASE: KCEL), the leading provider of mobile telecommunications 
services in Kazakhstan, announces that following approval from the Board of 
Directors, the Company has entered an additional agreement to the current 
Facility Agreement #82.2090/2016 dated 8 June 2016 with Subsidiary Bank 
Alfa Bank Kazakhstan JSC, which defines the following conditions:

- Extend the term of the credit line until 12 April 2024

- Increase the size of the credit line to KZT 14 billion from KZT 10 billion

- Increase the term of bank loans to 36 months from 12 months

- Change the interest rate to 11.2 percent per annum for loans for a period of 
  up to 12 months, and for a term of more than a year at a rate of 11.2 percent 
  per annum where the rate of the National Bank of the Republic of 
  Kazakhstan ("NB RK") is less than or equal to 10 percent. Should the NB RK 
  rate be higher than 10 percent, then the interest rate for a term of more than
  12 months will be set at the NB RK rate plus 2.5 percent. The previously 
  agreed interest rate was 12.0 percent.

unquote

This information is available on – 
http://kase.kz/files/emitters/KCEL/kcel_reliz_060619_eng_1.pdf

[2019-06-07]