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Kazakhstan Kagazy (KAG)

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Tuesday 01 March, 2011

Kazakhstan Kagazy

Bond Restructuring

RNS Number : 0744C
Kazakhstan Kagazy PLC
01 March 2011

For immediate release                                                                                             1 March 2011



Bond Restructuring



Kazakhstan Kagazy plc (the "Group") is pleased to announce that the restructuring of bonds (registration number NINKZ2C0Y05D117) issued by Kazakhstan Kagazy JSC, the Group's Kazakh holding company, with a face value of US$37.2 million (the "Issue") was agreed by 100% of the holders of the Issue and was approved by the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Markets and Financial Organizations on 25 February 2011.


The maturity of the bonds has been extended from 2013 to 2028, coupon rate and payment terms have been amended and certain restrictive covenants have been included. 


Full details of the revised terms can be found at




Kazakhstan Kagazy

Aida Yelgeldiyeva

Financial Director

Tel: +7 272 44 87 87


SP Angel Corporate Finance LLP

David Facey


Tel: +44 20 7647 9650





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