Steppe Cement Limited Repayment of Bonds (8028W)
November 17 2017 - 1:00AM
UK Regulatory
TIDMSTCM
RNS Number : 8028W
Steppe Cement Limited
17 November 2017
17 November 2017
Steppe Cement Ltd
Repayment of Bonds
Steppe Cement Ltd ("the Company") is pleased to announce that on
the 17 November 2017 it has completed the repayment of the bonds
issued on 21 November of 2012 for a nominal price of 1.490 billion
Kazakh Tenge ("KZT"). The repayment was completed out of the
Company's cash flows.
Following the repayment of the bonds, the Company has a net debt
of USD 16 million of which approximately 70% is denominated in USD
and the rest in KZT.
Steppe Cement's AIM nominated adviser and broker is RFC Ambrian
Limited.
Nominated Adviser contact: Stephen Allen or Andrew Thomson on
+61 8 9480 2500.
Broker contact: Charlie Cryer at +44 20 3440 6800.
This information is provided by RNS
The company news service from the London Stock Exchange
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