/KASE, July 25, 2019/ – Development Bank of Kazakhstan (Nur-Sultan), whose bonds
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release dated July 24, 2019:
quote
The ferrosilicon production plant of "YDD Corporation" LLP, built with the
financial support of "Development Bank of Kazakhstan" JSC (a subsidiary of
"Baiterek" National Managing Holding" JSC, hereinafter DBK, Bank), was launched
in Karaganda.
The total cost of the Project amounted to 34 billion 150 million tenge, of which
24 billion 120 million tenge was provided by the DBK as a loan for a period of
11 years as part of the State Program for Industrial and Innovative Development
of the Republic of Kazakhstan for 2015-2019. The target direction of borrowed
funds is construction and installation work, including the construction of
buildings and structures, as well as the purchase, supply and installation of
equipment.
unquote
Details are available on KASE website
http://kase.kz/files/emitters/BRKZ/brkz_reliz_240719_1.pdf
[2019-07-25]