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Kazakhstan Kagazy (KAG)

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Thursday 30 June, 2011

Kazakhstan Kagazy

Debt Restructuring Update

RNS Number : 3759J
Kazakhstan Kagazy PLC
30 June 2011
 



For immediate release                                                                                        

30 June 2011

 

DBK Debt restructuring update

 

Kazakhstan Kagazy plc ("Group/Company") announces that it has signed a preliminary term sheet with the Development Bank of Kazakhstan ("DBK") which sets out the framework for completion of the restructuring of the Group's loans to DBK. The term sheet envisages that, subject to reaching final agreement on terms and documentation, the restructured loan agreements will be signed in the fourth quarter of 2011.

 

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For more information, please visit www.kazakhstankagazy.com or contact:

 

 

Kazakhstan Kagazy JSC

Taisiya Kogutyuk, General Director                       +7 727 244 87 87

 

SP Angel Corporate Finance LLP

David Facey

John Mackay                                                                     +44 20 3463 2260

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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