National company Food Contract Corporation receives USD100 mln loan

/KASE, July 24, 14/ – National company "Food Contract Corporation" JSC (Astana, hereinafter – the company), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official list informed KASE of the following: quote Food Contract Corporation announces receipt on July 14, 2014 of a loan in City N. A. Nassau, Bahamas branch, to the amount of USD100 mln under e general agreement on short-term loans of March 11, 2014. 1) Date of decision of the joint-stock company on applying for loan: Food Contract Corporation Board of Directors decision No. 23 of June 18, 2014. 2) Date of obtaining the loan by the joint-stock company: July 14, 2014. 3) Purpose of the loan obtained by the joint-stock company: working capital replenishment. 4) Amount of loan obtained by joint-stock company: USD100,000,000. 5) Percentage ratio of the loan obtained by the joint-stock company to the joint-stock company's equity: ratio of the loan obtained (USD100 mln equivalent to KZT18.3 bn) to equity (as of April 1, 2014 – KZT62.1 bn) makes up 29.5%. unquote [2014-07-24]