/KASE, October 18, 2019/ – Development Bank of Kazakhstan (Nur-Sultan), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided
KASE with the following press release dated October 18, 2019:
quote
Development Bank of Kazakhstan JSC (a subsidiary of Baiterek National Management
Holding JSC, hereinafter referred to as the Bank, DBK) and Kazakhtelecom JSC
signed an agreement to open a credit line to finance a project to provide
broadband Internet access in distant villages. The Bank will provide a loan in
the amount of 26.7 billion tenge for up to 13 years, for its part, Kazakhtelecom
as the initiator of the project, will use its own funds in the amount of 31.1
billion tenge. It is expected that the financing provided by the Bank will allow
the project to be implemented in the most efficient way possible and will make a
significant contribution to the implementation of the state program “Digital
Kazakhstan”.
quote
Full version of the press release is posted on the KASE website at –
http://kase.kz/files/emitters/BRKZ/brkz_reliz_181019_2.pdf
[2019-10-18]