/KASE, July 5, 2019/ – The Development Bank of Kazakhstan (Nur-Sultan), whose
bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided
the following press release to KASE:
quote
The Development Bank of Kazakhstan (a subsidiary of the Baiterek National
Management Holding, hereinafter, the Bank, DBK) and the Eurasian Development Bank
(the EDB) opened financing to construct Phase 1 of the Saryarka gas pipeline
(hereinafter, the Project). The respective agreement was signed in the city of
Nur-Sultan on 3 July.
According to the financing scheme approved by the banks, the EDB, as the syndicate
leader, purchased AstanaGas KMG’s (a subsidiary of the Samruk-Kazyna Sovereign
Wealth Fund) ten-year bonds for a total of KZT 102 billion. The transaction was
financed from the EDB’s own funds in the amount of KZT 51 billion, and a loan for
the same amount from the DBK. Hence, the total project financing extended by the
DBK and EDB amounted to KZT 102 billion, and the total project cost is KZT 267.3
billion.
unquote
Full version of the press release (in Russian)
http://kase.kz/files/emitters/BRKZ/brkz_reliz_050719_2.pdf
[2019-07-05]