Business
Settlement of Bonds
Settlement of Bonds.
About this update from Steppe Cement Ltd
[{"type":"text","content":"\n \nRNS Number : 9097L Steppe Cement Limited 08 August 2011 \n \n\n8 August 2011\n \nSteppe Cement Ltd\nSettlement of Bonds\n \nSteppe Cement (or the \"Company\") is pleased to announce that its wholly-owned subsidiary, Central Asia Cement JSC, has today commenced settlement of the outstanding principal and coupon balances payable to its bondholders and redemption of the KZT2.7 billion bonds outstanding which matured on 7 August 2011. \n \nSteppe Cement expects the settlement and redemption process to be completed by the end of the week. The bonds will be cancelled upon redemption.\n \nSteppe Cement's net debt stands at USD52 million following the bonds redemption.\n \nThe Company's Nominated Adviser is RFC Corporate Finance Ltd. \nContact: Stephen Allen or Trinity McIntyre, +61 8 9480 2500\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCGDGDIUXGBGBI \n ","length":1847,"tagName":"div"}]