Development Bank of Kazakhstan and Export-Import Bank of China sign USD100 m. soft credit line agreement

/KASE, April 17, 09/ - Development Bank of Kazakhstan (Astana), bonds of which are listed on Kazakhstan Stock Exchange (KASE), provides KASE with a press release: Quotation beginning On April 16, 2009 in Beijing Development Bank of Kazakhstan and Export-Import Bank of China signed a soft credit line agreement. The Agreement was signed within the framework of the state visit of Kazakhstan President N. Nazarbaev to China. At presence of heads of the two states the document was signed by Kazakhstan bank president Zhanat Zhakanov and Li Zhougu representing the Chinese bank. According to the Agreement Export-Import Bank of China shall provide a USD100 m. loan for 20 years for financing of investment projects in manufacture and infrastructure. Reference: Development Bank of Kazakhstan was established in 2001. The bank is a structural unit of National wellbeing fund Samruk-Kazyna. The main operation areas are enhancement of state investment activity, development of manufacture and processing infrastructure, raising foreign and domestic investment. Reference: Export-Import Bank of China was founded in 1994. The bank is reporting to the State Council of China. The main functions of Eximbank of China are support and construction of base industries, financial assistance to leading state corporations, including, investment activity; exercise of duties regarding credits of international financial organizations. Quotation end [2009-04-17]