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]