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20.00 0.00 (0.00%)

Bid:

19.00

Ask:

21.00

Spread: 2.00 (10.526%)

Market Cap: £43.80m

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Settlement of Bonds

8 Aug 2011 07:00

RNS Number : 9097L

Steppe Cement Limited

08 August 2011

8 August 2011

Steppe Cement Ltd

Settlement of Bonds

Steppe 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.

Steppe Cement expects the settlement and redemption process to be completed by the end of the week. The bonds will be cancelled upon redemption.

Steppe Cement's net debt stands at USD52 million following the bonds redemption.

The Company's Nominated Adviser is RFC Corporate Finance Ltd.

Contact: Stephen Allen or Trinity McIntyre, +61 8 9480 2500

This information is provided by RNS

The company news service from the London Stock Exchange

END

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Date		Source	Headline
7th May 2009	7:00 am	RNS	Underwritten Share Offer Results
24th Apr 2009	7:00 am	RNS	Annual Report
14th Apr 2009	10:00 am	RNS	Underwritten Offer of Shares
14th Apr 2009	7:31 am	RNS	Preliminary Results Update
16th Feb 2009	7:50 am	RNS	Preliminary Results
8th Jan 2009	7:02 am	RNS	Director Shareholding
6th Jan 2009	7:00 am	RNS	Holding(s) in Company
19th Dec 2008	7:00 am	RNS	Director Appointment
29th Oct 2008	8:00 am	RNS	Successful Commissioning of Line 6
17th Oct 2008	8:02 am	RNS	Director Shareholding
17th Oct 2008	7:00 am	RNS	Refinancing of Credit Line
5th Sep 2008	9:01 am	RNS	Interim Results - Replacement
5th Sep 2008	8:16 am	RNS	Interim Results
19th May 2008	7:00 am	RNS	Result of AGM
16th May 2008	7:00 am	RNS	Resignation of Director
6th May 2008	7:01 am	RNS	Holding(s) in Company
21st Apr 2008	1:55 pm	RNS	Annual Report and Accounts
16th Apr 2008	7:00 am	RNS	Final Results
21st Dec 2007	7:00 am	RNS	Director/PDMR Shareholding
22nd Nov 2007	7:01 am	RNS	Director/PDMR Shareholding
7th Sep 2007	7:00 am	RNS	Correction to Interim Results
5th Sep 2007	11:46 am	RNS	Interim Results
24th Aug 2007	7:00 am	RNS	Holding(s) in Company
20th Aug 2007	8:22 am	RNS	AIM Rule 26 Information
20th Aug 2007	8:13 am	RNS	Holding(s) in Company
7th Aug 2007	7:00 am	RNS	New Significant Shareholder
16th Jul 2007	9:11 am	RNS	Holding(s) in Company
5th Jul 2007	8:01 am	RNS	Director/PDMR Shareholding
2nd Jul 2007	10:05 am	RNS	Extension to Credit Lines
25th Jun 2007	7:45 am	RNS	Update on Trading Position
25th May 2007	8:09 am	RNS	Result of AGM
21st May 2007	8:53 am	RNS	Annual Report and Accounts
10th May 2007	8:39 am	RNS	Holding(s) in Company
8th May 2007	8:24 am	RNS	Final Results
11th Apr 2007	7:00 am	RNS	Directorate Change
5th Sep 2006	8:01 am	RNS	Interim Results
12th May 2006	7:55 am	RNS	Sale of Shares
4th May 2006	7:00 am	RNS	Director Appointment
3rd May 2006	7:00 am	RNS	Director/PDMR Shareholding
2nd May 2006	7:00 am	RNS	Holding(s) in Company
26th Apr 2006	7:01 am	RNS	Shareholder Transactions
26th Apr 2006	7:00 am	RNS	Proposed Board Changes
13th Apr 2006	12:27 pm	RNS	Annual Report and Accounts
3rd Apr 2006	11:18 am	RNS	Final Results
2nd Mar 2006	7:47 am	RNS	Frthr re Production Expansion
23rd Feb 2006	7:00 am	RNS	Holding(s) in Company
2nd Feb 2006	7:00 am	RNS	Director/PDMR Shareholding
1st Feb 2006	7:00 am	RNS	Holding(s) in Company
31st Jan 2006	7:23 am	RNS	Director/PDMR Shareholding
30th Jan 2006	7:00 am	RNS	Issue of Equity

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