Steppe Cement completes repayment of bonds
Kazakhstan-based, leading construction materials producer Steppe Cement has completed the repayment of bonds issued on 21 November 2012 for 1.5bn Kazakh Tenge, the firm announced on Friday.
Construction & Materials
9,897.77
17:14 28/03/24
0.13%
12.68
Steppe Cement Ltd
19.50p
16:55 28/03/24
-9.30%
-2.00p
Steppe said the repayment was financed from the company's cash flows, leaving the outfit with net debt of $16m, 70% in dollars and the rest in KZT.
The company's AIM nominated adviser and broker is RFC Ambrian Limited, a global independent adviser and investor in the natural resources market.