28.09.2015, 01:03
Kcell announces issue of stand by letter of credit for USD10.0 mln
OREANDA-NEWS. September 28, 2015. Kcell JSC (Almaty), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the
following information statement:
... in the framework of the general agreement between Kcell JSC and Citibank Kazakhstan JSC on September 23, 2015 a stand by letter of credit in the amount of USD10 mln was issued.
The issue of this instrument in favor of Apple Distribution International (Ireland) will provide a delay in payment for goods of the company, which will have a positive impact on the working capital of Kcell JSC.
... in the framework of the general agreement between Kcell JSC and Citibank Kazakhstan JSC on September 23, 2015 a stand by letter of credit in the amount of USD10 mln was issued.
The issue of this instrument in favor of Apple Distribution International (Ireland) will provide a delay in payment for goods of the company, which will have a positive impact on the working capital of Kcell JSC.
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