JSC Astana Finance has signed a contract for attraction of a syndicated loan totaling US$50 million

The 1-year loan is gained at 1.2% p.a. over 6-month rate of LIBOR. The Book runner and Mandated Lead Arranger of transaction is presented by Deutsche Bank AG London. Barclays Capital, Bayern LB and First Commercial Bank are participating in transaction as Mandated Lead Arrangers.

For JSC Astana Finance this syndicated loan is debut one. It is worthy of note that amount of loan was increased from initially declared U.S. $40 million up to U.S. $50 million.

Attraction of syndicated loan is carried out by JSC "Astana Finance" at the time of liquidity crisis broken out in the world capital markets since August. The re-subscription (increase) of the declared amount of loan demonstrates the high-level confidence of international financial institutes in respect of JSC "Astana Finance".

This transaction surrounding the syndicated loan was completed after JSC Astana Finance has succeeded once more with international capital markets entrance – in June 2007 the Company issued the U.S. $300 million Eurobonds under the program for issue of middle-term global Notes.

The International Rating Agency Moody’s assigned a Ba1 and Fitch ratings assigned a BB+ rating to Astana Finance ranking it as one of the leading financial institutes in the country.

Today Astana Finance is one of the leaders in the ’s market of financial services among non-banking organizations. The Company’s strategy aims at creating and development of subsidiaries which provide complex services to population and businesses of Astana and taken in whole. Taking the opportunity of the non-banking organization’s status, the Company is investing to various sectors of economy efficiently. Its 10-year experience in financial sector allows the Company to operate efficiently in implementing the new projects and providing consulting services.

updated 09.12.2008

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