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Last checked at 
8 Aug 2011 07:00
RNS Number : 9097L
Steppe Cement Limited
08 August 2011
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8 August 2011
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Steppe Cement Ltd
Settlement of Bonds
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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.
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Steppe Cement expects the settlement and redemption process to be completed by the end of the week. The bonds will be cancelled upon redemption.
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Steppe Cement's net debt stands at USD52 million following the bonds redemption.
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The Company's Nominated Adviser is RFC Corporate Finance Ltd.
Contact: Stephen Allen or Trinity McIntyre, +61 8 9480 2500
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This information is provided by RNS
The company news service from the London Stock Exchange
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