OREANDA-NEWS. On September 08, 2008 Kazkommertsbank (Almaty), the listed company of Kazakhstan Stock Exchange (KASE), provided today to KASE the press release of the following content, reported the press-centre of KASE:

Kazkommertsbank paid off the syndicated loan to the amount of USD600 m. The basic debt and the amount of accrued interest were paid off at the expense of the bank's own resources.

The syndicated loan was borrowed in August 2007 to fund export-import transactions of the bank's clients.

This loan was organized by Bank of Tokyo-Mitsubishi UFJ, LTD., Citibank, N.A., Standard bank plc and Mizuho Corporate Bank, Ltd.