/KASE, January 13, 2021/ – Samruk-Energy (Nur-Sultan), whose bonds are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following statement of January 13, 2021:
The financial position of the largest Kazakh electric power holding based on the
results of operations in 2020 is characterized as stable, despite the impact of
the COVID-19 pandemic and a significant change in the economic situation.
Samruk-Energy JSC is in the "green" zone of credit risk.
In accordance with the Policy on debt management and financial stability of
Samruk-Kazyna JSC, Samruk-Energy determines the credit risk zone on an
annual basis as "red", "yellow" and "green".
A set of measures allowed the company to reduce the level of debt burden to
"green" and minimize currency risks. For example, refinancing of foreign
currency liabilities in tenge – Moinak HPP JSC in the amount of USD148 mln,
Ekibastuz GRES-2 JSC in the amount of about KZT100 bn. As a result, the share
of currency liabilities in the loan portfolio was reduced to 1.5%.
The complete information is available on KASE website at:
– in Kazakh;
– in Russian.