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Kazatomprom entered into a USD 450 million Facility Agreement

20 January 2015
Kazatomprom entered into a USD 450 million Facility Agreement

On January 19, 2015 in London, Nurlan Kapparov, the CEO of NAC Kazatomprom JSC, signed a USD 450 million Facility Agreement executed between Kazatomprom and international banks such as Bank of Tokyo-Mitsubishi UFJ, Citibank N.A. London Branch, Deutsche Bank AG London Branch, Mizuho Bank Ltd. and Sumitomo Mitsui Banking Corporation acting as lenders. The loan was received for a term of 4.5 years with annual rate of 2% + Libor. 

Credit funds are expected to be used for refinancing the company’s Eurobonds with the maturity term in May 2015.

It shall be reminded that in 2010 NAC Kazatomprom JSC issued debut Eurobonds to the amount of 500 mln. USA dollars for a term of 5 years, with the coupon rate of 6.25%. Funds from Eurobonds were mainly used for financing uranium mining projects.

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