/KASE, October 8, 2020/ – Subsidiary Organization VTB Bank (Kazakhstan)
(Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange
(KASE), has provided KASE with the following press release of October 8, 2020:
VTB Bank (Kazakhstan) and Corporation Kazakhmys LLP signed an agreement
on the disursement of a new tranche in the amount of USD12 million under an
existing credit line. The company will allocate the funds received to
replenishment of working capital.
Kazakhmys is the largest copper producer in Kazakhstan, a leading international
company for extraction and processing of natural resources. The corporation
conducts prospecting, exploration, mining, processing and export of copper and
other minerals. The bank has been cooperating with the corporation since 2019,
the first tranche under an open credit line in the amount of USD15 million was
repaid on schedule in accordance with the terms of the contract.
The full press release is available on:
– in Kazakh;
– in Russian.