Development Bank of Kazakhstan announces opening revolving line of credit to Molproduct under Nurly Zhol program

10.01.18 16:24
/KASE, January 9, 2018/ – Development Bank of Kazakhstan (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided the following press release to KASE: quote “Development Bank of Kazakhstan JSC (subsidiary of the Baiterek National Management Holding JSC, hereinafter, the Bank, DBK) opened revolving line of credit to Molproduct LLP (part of the Agroproduct group of companies) in the amount of KZT2 bn for up to 3 years to purchase raw materials and packaging for production purposes and further export supplies of dairy products. The financing is opened under the Nurly Zhol program using insurance coverage of KazakhExport Export Insurance Company JSC (subsidiary of the Baiterek National Management Holding JSC, hereinafter, KazakhExport).” unquote Full version of the press release (in Russian) – http://kase.kz/files/emitters/BRKZ/brkz_reliz_100118_1.pdf [2018-01-10]