Samruk-Energy announces repayment of USD136.3 mln loan for Moynak hydroelectric plant ahead of schedule

15.08.19 15:32
/KASE, August 15, 2019/ – Samruk-Energy (Nur-Sultan), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following communiqué dated August 15, 2019: quote Samruk-Energy and its subsidiary Moynak hydroelectric plant repaid ahead of schedule the USD136.3 mln currency loan for Moynak hydroelectric plant earlier received from China's State Development Bank. The transaction will allow Samruk-Energy to substantially reduce the portion of currency loans in its loan portfolio from 17% to 3% and to decrease the negative impact of currency fluctuations on the holding's financial indicators. Besides, according to experts, the early repayment of the currency loan complies with the state policy in terms of the economy de-dollarization, decrease of the external quasi-state debt, increase of the value of assets of national companies. unquote The full press release is available on KASE website: - – in Kazakh; - – in Russian. [2019-08-15]