Kcell intends to offer 30.0 mln bonds on KASE

14.12.17 17:52
/KASE, December 14, 2017/ – Kcell (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote Kcell Joint Stock Company ("Kcell" or the "Company") (LSE, KASE: KCEL), the leading provider of mobile telecommunications services in Kazakhstan by market share in terms of revenue and subscribers, plans to place 3-year bonds in the total amount of KZT 30 billion, with the coupon rate set at 11.5%, on the Kazakhstan Stock Exchange. The Company received all the necessary approvals for the bond registration from National Bank of the Republic of Kazakhstan on 12 December 2017. The bond issuance will expand and diversify Kcell's funding sources, increase the average term of its financial liabilities and decrease funding costs. This placement is planned within a bond programme for a total nominal volume of KZT 50 billion. ... Notes to editors - Number of the announced securities for placement (bonds): 30,000,000 (thirty million) - Registration number of the bond programme: F72 - The national identification number for bond issue: KZP01Y03F725 unquote [2017-12-14]