/KASE, June 10, 2021/ – Development Bank of Kazakhstan (Nur-Sultan), whose bonds
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release dated June 10, 2021:
The Development Bank of Kazakhstan JSC (DBK, the Bank, a subsidiary of
"Baiterek" Holding) opened a pre-export financing facility for Foundry
Production LLP in Pavlodar.
Under the terms of the agreement, DBK provided the company with a revolving
credit facility of KZT 1 bln for 36 months under a loan insurance of its sister
company Export Insurance Company "KazakhExport" JSC, as part of the Nurly
Zhol state program. The company plans to use the funds to purchase raw
materials, electricity, compressed air and components, which will allow it to
increase the volume of exported products in the future.
The full press release is available on –