OREANDA-NEWS. July 04, 2011. Kazakhstan Kagazy (Almaty Region), bonds of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release, reported the press-centre of KASE:

quotation

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.