Subsidiary Organization VTB Bank (Kazakhstan) and Corporation Kazakhmys sign agreement on disbursement of new USD12.0 mln tranche under credit facility

08.10.20 12:40
/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: quote 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. unquote The full press release is available on: - – in Kazakh; - – in Russian. [2020-10-08]