/KASE, July 7, 2020/ – KazTransGas (Nur-Sultan), whose bonds are officially listed
on the Kazakhstan Stock Exchange (KASE), has provided KASE with the press release
dated July 2, 2020, which states as follows:
quote
Kazakhstan's national gas and gas transport operator, KazTransGas, has raised
credit resources worth EUR243 mln from the European Bank for Reconstruction and
Development (EBRD) to maintain liquidity during economic crisis due to the
COVID-19 pandemic.
According to the EBRD, financing package consists of several loans in national
and foreign currency.
This includes a loan of EUR100 mln provided to support the company's needs in
working capital.
The loan worth KZT53.7 bn (EUR115.3 mln) will be used to restructure the loan of
of Intergas Central Asia’s subsidiary responsible for the operation and maintenance
of gas transmission networks.
It is planned to use up to KZT12.9 bn (EUR27.6 mln) to restructure the loan of
the subsidiary, KazTransGas Aimak, the largest gas supply company in the country,
which operates gas distribution pipelines in ten regions of Kazakhstan.
unquote
Full version of the press release (in Russian) is available at –
https://kase.kz/files/emitters/KZTG/kztg_reliz_020720_1.pdf
[2020-07-07]