Development Bank of Kazakhstan JSC informed about repayment of the loan for the first credit agreement

/KASE, February 21, 07/ - Development Bank of Kazakhstan (Astana), bonds of which are traded in Kazakhstan stock exchange's (KASE) official "A" listing category, spread a press release, which says: Quotation start Repayment of a credit, given to Altyn Nan LLP for investment project "Construction of the plant for deep corn processing into starched treacle", ended in the Development Bank of Kazakhstan JSC. The given project was implemented in Almaty region on Shamalgan station. Construction of the treacle plant in Shamalgan historically is the first investment project, approved by the Development Bank in 2001. Total project cost - 15,441,000 USD, of which the Bank's financing share totaled 13,900,000 USD. Thorough pre-project preparation and structuring, timely funding and operative monitoring assisted to the successful project implementation. The plant was put into operation in 2004 and by the present time it has reached planned indicators. Production capacity of the plant totals 100 tones of corn seed processing per day. The most up-to-date equipment has been installed and last technologies in this industry are used on the plant. Currently the manufactured starched treacle is the production of the profound processing of agricultural crude and corresponds to all contemporary standards. Besides the starched treacle the complex produces such products as corn feed, corn oil, bran, and cake. The target direction of the project was oriented to the implementation of the state economy diversification program at the expense of development of processing industries. The earlier existed need in the treacle for confectionary industry of the Republic of Kazakhstan was satisfied by import of products from Kyrgyzstan, Russia, Ukraine and far abroad. The primary consumers of products of Almaty Nan LLP are enterprises of confectionary industry, in particular largest players of the confectionary market - Rakhat JSC, Sweets of Karaganda JSC, Bayan Sulu JSC, etc. Besides, the products of the complex are exported to Russia, Kyrgyzstan, and Uzbekistan. Starting from 2001 the Development Bank, entering the holding SDF Kazyna JSC, approved 100 investment projects and export operations for a total of 1 billion 250 million USD, while the total amount of investments of 2 billion 647 million USD. Quotation end [2007-02-21]