/KASE, July 8, 2020/ – Development Bank of Kazakhstan (Nur-Sultan), whose bonds
are officially listed on Kazakhstan Stock Exchange (KASE), has provided the
following press release dated July 8, 2020 to KASE:
The Development Bank of Kazakhstan JSC (a subsidiary of Baiterek National
Management Holding JSC, hereinafter - DBK, the Bank) opens a credit line to Qaz
Carbon (hereinafter, the Company) in the amount of KZT9,24 mln for 7 years for
construction of coal enrichment plant and modernization of the existing foundry
production in the town of Karaganda (hereinafter, the Project).
The total cost of the project is KZT12 billion with KZT3 billion of own funds
already invested, including foreign investment. DBK provides the Company with
borrowed funds within the framework of the State Program for Industrial and
Innovative Development of Kazakhstan for 2015-2019.
Full press release is available on KASE website (in Russian) –