Steppe Cement completes repayment of bonds
Kazakhstan-based, leading construction materials producer Steppe Cement has completed the repayment of bonds issued on 21 November 2012 for 1.5bn Kazakh Tenge, the firm announced on Friday.
Construction & Materials
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16:59 26/04/24
1.28%
123.95
Steppe Cement Ltd
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16:49 26/04/24
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Steppe said the repayment was financed from the company's cash flows, leaving the outfit with net debt of $16m, 70% in dollars and the rest in KZT.
The company's AIM nominated adviser and broker is RFC Ambrian Limited, a global independent adviser and investor in the natural resources market.