/KASE, September 22, 2020/ – Subsidiary Organization VTB Bank (Kazakhstan) (Almaty),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided the following press release dated September 22, 2020 to KASE:
VTB Group has opened credit facility line to JSC AK Altynalmas Group of companies
for the amount of up to Euro 640,000,000 thus, totaling the overall credit facility
line to Euro 1,100,000,000.
VTB Group has extended the credit facility line to JSC AK Altynalmas Group of
companies of for the amount of up to Euro 640,000,000. Thus, overall credit
facility line totalled Euro 1,100,000,000.
The funding was provided to Altynalmas Group to support advancement of its business
through new projects and expansion of its asset base. The proceeds will be directed
to consolidation of MMC KAZAKHALTYN JSC’s assets with those of JSC AK Altynalmas,
Mizek Project with a throughput capacity of 5 million tons per annum, raising the
annual gold production level above Oz500,000 from 2021, optimization of the
company’s debt portfolio, as well as to a series of capital expenditure programs,
and expansion of production capacity and resource base.
Full version of the press release is available at –
– in Kazakh;
– in Russian.