Development Bank of Kazakhstan finances construction of coal enrichment plant and modernization of foundry production

08.07.20, 12:27
/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: quote 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. unquote Full press release is available on KASE website (in Russian) – https://kase.kz/files/emitters/BRKZ/brkz_reliz_080720_1.pdf [2020-07-08]