VTB Bank, Subsidiary Organization VTB Bank (Kazakhstan) and KazTransGaz sign $200 mln loan agreement
/KASE, November 20, 2020/ – Subsidiary Organization VTB Bank (Kazakhstan)
based in Almaty (bonds, official list of KASE) has provided KASE with a joint
press release dated November 19, 2020, which reads “VTB Bank, VTB Bank
JSC (Kazakhstan) and KazTransGas JSC signed the Facility Agreement on
attracting a loan in Russian rubles for a total amount of $ 200 million for a
period of three years.
The funds will be used to refinance liabilities provided by ING Bank, Citibank
N.A., Mitsubishi UFJ Financial Group, Inc., Société Générale and Mizuho Bank
Ltd. in 2018.
Refinancing of the loan will allow KazTransGas JSC to raise funds on more
favorable terms and significantly reduce currency risks in the current volatile
context in the global capital markets.
Signing of this agreement with VTB Group indicates a high assessment of the
credit reliability and investment attractiveness of the gas industry in
Kazakhstan, and is also of great importance for the development of partnership
relations between Kazakhstan and Russia”.