National company Food corporation (Kazakhstan) borrows loan from national Holding KazAgro in the amount KZT50.0 bn.
31.03.09 16:31
/KASE, March 31, 09/ - National company Food corporation (Astana), bonds
of which are present in Kazakhstan Stock Exchange (KASE) official list, informed
KASE the following:
Quotation start
National company Food corporation (hereinafter - the Corporation) informs that
on February 23, 2009 it signed loan agreement to the amount of KZT50 bn. with
national Holding KazAgro (the sole shareholder) to borrow financial resources
allocated from the National Fund for crediting producers of agricultural products
for spring field and harvest works. The mentioned resources will be allocated
during 2009 upon receipt of applications from producers of agricultural products.
The debt on the above mentioned loan must be repaid by the Corporation till
February 25, 2010.
We also inform that on March 18, 2009, the Corporation partially repaid the loan
received from Rabobank International in the amount of USD43,680,000. the
remaining amount in the size of USD81,900,000 will be repaid in December 2009
and August 2010.
Quotation end
[2009-03-31]