Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSteppe Cement Regulatory News (STCM)

Share Price Information for Steppe Cement (STCM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 19.50
Bid: 19.00
Ask: 20.00
Change: -2.00 (-9.30%)
Spread: 1.00 (5.263%)
Open: 21.50
High: 21.50
Low: 19.50
Prev. Close: 21.50
STCM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Refinancing and extension of loans

29 Nov 2016 08:33

RNS Number : 4147Q
Steppe Cement Limited
29 November 2016
 

29 November 2016

 

Steppe Cement Ltd

Refinancing and extension of loans

Steppe Cement Ltd ("Steppe Cement") announces that its subsidiaries have refinanced the outstanding loans with VTB Bank (Austria) AG and VTB (France) SA ("VTB") with credit facilities from Halyk Bank Kazakhstan ("Halyk Bank") based on the following terms:

· USD 5.5 million due in November 2016 has been refinanced in USD at an interest rate of 6% per annum, with repayment to be made in 3 tranches: USD1.5 million in July 2017; USD2 million in July 2018; and the final USD 2 million in November 2018.

· USD 9.8 million outstanding for the purchase of 330 wagons in 2014 has been refinanced in USD at an interest rate of 6.5% per annum to be repaid in equal payments for 60 months until November 2021.

The refinancing exercise allows Steppe Cement to spread the repayment of principals over the coming years and paves the way to pay dividends consistently once the cement market demand recovers.

The Company is thankful to VTB for the support given over the last few years and welcomes Halyk Bank to finance its long-term financing requirements.

Steppe Cement's AIM nominated adviser and broker is RFC Ambrian Limited.

Nominated Adviser: Contact Stephen Allen or Oliver Morse at +61 8 9480 2500.

Broker: Contact Charlie Cryer at +44 20 3440 6800

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUKOWRNUAAURA
Date   Source Headline
12th Jan 202410:15 amRNSYear End Trading Update
13th Dec 20239:15 amRNSUpdate re intention to pay a dividend
28th Nov 202311:44 amRNSDirector's Dealing
23rd Nov 20237:41 amRNSDirector's Dealing
11th Oct 20239:44 amRNSMarket Update for the Third Quarter September 2023
20th Sep 202310:19 amRNSDirector's Dealing
19th Sep 20239:00 amRNSHalf-year Report
13th Jul 20237:00 amRNSResult of AGM
12th Jul 20237:00 amRNSMarket Update - First half of 2023
4th Jul 20237:00 amRNSNotice of AGM and Submissions of Questions
9th Jun 20237:00 amRNSAnnual Financial Report
9th Jun 20237:00 amRNSNotice of AGM
13th Apr 20238:00 amRNSMarket update for the quarter ended 31 March 2023
11th Jan 20237:00 amRNSTrading Statement
17th Nov 20224:41 pmRNSSecond Price Monitoring Extn
17th Nov 20224:35 pmRNSPrice Monitoring Extension
10th Nov 20227:00 amRNSDividend Declaration
12th Oct 20227:00 amRNSPurchase of Shares by Substantial Shareholder
12th Oct 20227:00 amRNSPurchase of Shares by Family of Director
7th Oct 20227:00 amRNS3rd Quarter Market Update
26th Sep 20227:00 amRNSHalf-year Report
14th Jul 20227:00 amRNSChange in Holding(s) in Company
14th Jul 20227:00 amRNSResult of AGM
12th Jul 20227:00 amRNSMarket Update - First half of 2022
5th Jul 20227:00 amRNSNotice of AGM and Submissions of Questions
13th Jun 20227:00 amRNSFY2021 Accounts
13th Jun 20227:00 amRNSDividend Proposal and Nomination of Director
13th Jun 20227:00 amRNSNotice of AGM and 2021 Annual Report publication
20th Apr 202210:52 amRNSPurchase of Shares by Substantial Shareholder
13th Apr 20227:00 amRNSMarket Update for quarter ended 31 March 2022
4th Mar 20227:00 amRNSChange in Interests
13th Jan 20227:00 amRNSTrading Update for 2021
12th Nov 20217:00 amRNSStatement re Interim Dividend Policy
8th Oct 20217:00 amRNSSteppe Cement Ltd - 3rd Quarter Results
17th Sep 20217:00 amRNSInterim Results and General Market Update
8th Jul 20217:00 amRNSFinal Dividend FY2020
8th Jul 20217:00 amRNSAGM Results
7th Jul 20217:00 amRNSMarket update for the first half of 2021
7th Jun 20218:01 amRNSFinal Results and Accounts 2020
7th Jun 20218:00 amRNSNotice of AGM + Annual Report 2020
13th Apr 20217:00 amRNSMarket Update for Quarter ended 31 March 2021
19th Feb 20217:00 amRNSHolding(s) in Company
11th Jan 20217:00 amRNSPreliminary Update for the Year ended 31 Dec 2020
29th Oct 20208:00 amRNSDeclaration of Interim Dividend
9th Oct 20207:00 amRNSMarket Update for 3rd Quarter ended 30 Sept 2020
5th Oct 20208:36 amRNSHolding(s) in Company
1st Oct 20207:00 amRNSAppointment of Alternate Directors
21st Sep 20207:00 amRNSHolding(s) in Company
16th Sep 20207:00 amRNSInterim Results and General Market Update
2nd Sep 20207:00 amRNSPurchase of Shares by Substantial Shareholder

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.