/KASE, March 2, 2018/ – Development Bank of Kazakhstan (Astana), whose bonds are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the
following press release:
quote
Development Bank of Kazakhstan JSC (a subsidiary of JSC "National Managing Holding"
Baiterek", hereinafter referred to as DBK, the Bank) opened a credit line for YDD
Corporation LLP (hereinafter - the Company) in the amount of up to KZT 24 billion
120 million for a period of 11 years for the purpose of construction of the first
stage of the plant for the production of ferrosilicon in the city of Karaganda
with a production capacity of 96,000 tons per year (hereinafter - the Project).
The total cost of the Project is 34 billion 150 million tenge, the borrower's
own participation in the project financing is KZT10 billion 030 million. DBK
provides the Company with borrowed funds in national currency within the framework
of the State Program of Industrial and Innovative Development of the Republic of
Kazakhstan for 2015-2019.
unquote
Full version of the press release is posted on the KASE website (in Russian) –
http://kase.kz/files/emitters/BRKZ/brkz_reliz_020318_1.pdf
[2018-03-02]