/KASE, May 19, 2022/ – Development Bank of Kazakhstan JSC (Nur-Sultan),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated May 19, 2022:
quote
On May 12, JSC "Development Bank of Kazakhstan" (a subsidiary of JSC
"National Managing Holding "Baiterek", hereinafter – DBK, Bank) secured a loan
of 120 million US dollars from J.P. Morgan for a period of more than 10 years.
The proceeds were used for long-term financing of the purchase of equipment for
the Aktogay Mining and Processing enterprise. Insurance coverage for the
transaction is provided by the Export Credit Agency of Denmark EKF. For the
Danish agency, this was the first ever transaction in Kazakhstan.
"Such a loan allowed DBK to finance the development of one of the largest
enterprises in the mining and metallurgical complex of Kazakhstan. It is
important that the Aktogay Mining and Processing Enterprise expansion project
received an environmental opinion from the international consultant for
sustainable development ERM for compliance with ESG requirements. In addition,
we received insurance from a major international agency, which indicates a high
trust to DBK and the projects it finances", comments Ruslan Iskakov, Chairman
of the Management Board of the Development Bank of Kazakhstan JSC.
unquote
The full press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_190522.pdf
[2022-05-19]