London, May 5, 2006

Deutsche Bank mandated to arrange $75 million Syndicated Loan for Astana Finance JSC


Deutsche Bank AG London ("Deutsche Bank") has been mandated to arrange a $75million Syndicated Term Loan for Astana Finance JSC ("Astana Finance"). This will be the first time that Astana Finance has raised finance in this market.

Astana Finance, rated Ba1 (outlook stable) by Moody's and BB+ (outlook stable) by Fitch, is one of the leading non-bank financial institutions in Kazakhstan in terms of shareholders' equity. Astana Finance has two principal business lines, namely providing financial services activities and undertaking private equity investments in high-growth sectors of the economy in the City of Astana and other fast growing areas of Kazakhstan.

The Municipality of Astana has expressed through a general comfort letter issued in April 2006 its willingness to maintain and continue its ownership of a blocking interest of Astana Finance JSC, meaning a shareholding not less than 25% plus 1 share.

The Municipality of Astana currently owns a 30.12% of Astana Finance's equity, which is a blocking interest

The Mandated Lead Arranger will shortly launch the syndication.

The key terms of the loan are as follows:

Tenor:   1 year.
Margin: 1.20% p.a.
   

For further information, please call:

Deutsche Bank

Ben Dobson 
Corporate and Investment Bank 
(+44 20) 7545 8572

Kirstin Brozik   
Corporate and Investment Bank 
(+49 69) 910 33864)

 

Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,035 billion in assets and 64,103 employees, Deutsche Bank offers unparalleled financial services in 73 countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

www.db.com

 




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