Development Bank of Kazakhstan opens pre-export financing facility for Foundry Production

10.06.21 15:41
/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: quote 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. unquote The full press release is available on – https://kase.kz/files/emitters/BRKZ/brkz_reliz_100621_1.pdf [2021-06-10]