KazTransGaz Aimak repays KZT7.7 bn loan
/KASE, November 5, 2019/ – KazTransGaz Aimak (Nur-Sultan), whose bonds are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release of November 5, 2019:
KazTransGaz Aimak, a subsidiary of KazTransGaz JSC (hereinafter – the Company)
has fully repaid the debt on a loan obtained from Eurasian Development Bank on
November 1, 2016 at an interest rate of 11% APR.
On account of the borrowed funds the Company has implemented a scheme of
gasification, modernization and reconstruction of Aktobe region's gas supply
The complete repayment of the loan was carried out on schedule out of the
Company's own resources.
The timely repayment of the loan witnesses of the Company's financial stability,
as well as of an effective borrowing policy.
The Company has been assigned long-term ratings from international rating
agency "Fitch Ratings" at "BBB-", outlook "Stable".