OREANDA-NEWS. On May 27, 2008 RG Brands JSC (Almaty), securities of which are traded in the Kazakhstan Stock Exchange (KASE) category "A" official list, provided to KASE the press release with the following content, reported the press-centre of KASE:
 
Company RG Brands JSC - one of the leading companies on the food and beverages market of Kazakhstan and Central Asia - informed on signing of the credit agreement with European Bank for Reconstruction and Development (EBRD).

Borrowed funds will be used for the completion of a new production plant with state-of-the-art production lines on the outskirts of Almaty (village Askenger), partial re-funding of the company's current financial obligations, and scaling up the company's activities in Kazakhstan and Central Asia.

Kairat Mazhibaev, Chairman of RG Brands JSC, expressed his appreciation for the EBRD support. "We understand this is an important vote of confidence not only in our company, but in the Kazakh food and beverage sector as a whole. He added that "this is a good example of successful cooperation of the domestic business and international financial institution, which is develops non-raw materials consumer markets and sets the pace for further diversification of the Kazakhstan economy". It is notable that this loan is the syndicated with participation of not only EBRD, but also investors from North America and Europe.

Andre Kuusvek, EBRD Director for Kazakhstan, said that the loan to RG Brands JSC showed the EBRD?s commitment to supporting the real economy in the country. As demand for high-quality products is soaring, we are confident that the new plant will provide the company with the much-needed springboard to increase the volume and efficiency of its production.

In addition, this loan will allow the company partial re-financing of existing financial obligations, which is very symbolic given current difficult situation on the world and Kazakhstan financial markets. This allow the increase of the mid-term company's liquidity and optimization of the existing financial load. The company's export capacity will increase as the company is actively working on the neighboring markets.