07LC Citibank Thai U

RNS Number:8235A
JSC Kazkommertsbank
25 July 2007


PRESS RELEASE



                      Kazkommertsbank Announces Launch of
         US$400,000,000 Syndicated Trade Related Term Loan Facility



                                                         (Tuesday 24 July, 2007)


JSC Kazkommertsbank ("Kazkommertsbank"), the leading bank in Kazakhstan, is
pleased to announce that it has mandated The Bank of Tokyo-Mitsubishi UFJ, Ltd.
("BTMU"), Citibank, N.A. ("Citibank"), Mizuho Corporate Bank, Ltd. ("Mizuho")
and Standard Bank Plc ("Standard Bank") (together the "Initial Mandated Lead
Arrangers and Bookrunners") to arrange a USD 400 million Syndicated Trade
Related Term Loan Facility (the "Facility").


Summary details of the transaction:

Borrower:             Kazkommerts International B.V., Netherlands

Guarantor:            JSC Kazkommertsbank, Kazakhstan
Amount:               USD 400,000,000
Tenor:                370 days
Repayment:            Bullet on final maturity
Facility Agent:       BTMU
Bookrunners:          BTMU, Citibank, Mizuho and Standard Bank


The Facility was launched into senior and general syndication today, and will be
made available to finance: (i) various import and export contracts of the Bank's
clients; and (ii) partial prepayment under Kazkommertsbank's loan facility
signed on 23 August 2006.


Mr. Andrey Timchenko, Managing Director of Kazkommertsbank, said "We are
delighted to be working with an outstanding team of Mandated Lead Arrangers and
are pleased to be continuing our strong relationships with the banks all over
the world. We look forward to announcing final results of the syndication once
it is completed."


Established in 1990, JSC Kazkommertsbank is the largest bank in Kazakhstan,
providing corporate banking, retail banking and other financial services. The
Bank is headquartered in Almaty, Kazakhstan, and had total consolidated assets
of KZT 2,444,302 million (equivalent to US$ 19,2 billion ) as at 31 December
2006, up from KZT 1,194,869 million (equivalent to US$8,9 billion), as at 31
December 2005 . JSC Kazkommertsbank has a long term foreign issuer credit rating
of BB+ by Standard and Poor's and a foreign long term bank deposits credit
rating of Ba1 by Moody's.



Kazkommerts International, a subsidiary of JSC Kazkommertsbank, was established
in October 1997 as a special purpose vehicle whose function is to raise finance
for the Kazkommertsbank group. JSC Kazkommertsbank has placed all of its senior
Eurobond issues and has attracted syndicated loans through Kazkommerts
International. Kazkommerts International has a senior unsecured debt credit
rating of Baa1 by Moody's.


For further information, please do not hesitate to contact:




Mizuho Corporate Bank, Ltd.             Mizuho Corporate Bank, Ltd.
Terry Miller                            Jeremy Burke
Tel: +44 20 7012 4845                   Tel: +44 20 7012 4329
Fax: +44 20 7012 4899                   Fax: +44 20 7012 4403
E-mail: terry.miller@mhcb.co.uk         E-mail: jeremy.burke@mhcb.co.uk







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

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