/KASE, September 27, 2018/ – Development Bank of Kazakhstan (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:

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Development Bank of Kazakhstan JSC (subsidiary of the National Managing Holding Baiterek, hereinafter - the Bank, DBK) has begun financing the project of upgrade and reconstruction of the Aksu PP and Vostochny coal mine, both lcated in the Pavlodar Region of Kazakhstan. The power plant produces 17% of Kazakhstan energy, and the said coal mine produces 20% of the country's coal.

The DBK loan facility amounting USD 360 mln is provided to Eurasian Energy Corporation JSC (included into the Eurasian Group - ERG and hereinafter referred to as the EEC) for 8 years, with the total cost of the Project equal to USD 463.2 mln.

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The full press release is available on KASE website – see more

[2018-09-27]