/KASE, July 3, 2024/ – Development Bank of Kazakhstan JSC (Astana), with
its bonds officially listed on Kazakhstan Stock Exchange (KASE), provided KASE
with a press release dated July 02, 2024, which states as follows:
start of quote
Development Bank of Kazakhstan JSC (a subsidiary of Baiterek National Holding
Holding JSC, hereinafter referred to as DBK) signed agreements with leading
Chinese financial institutions to attract long-term financial resources for
implementation of investment projects in the field of agriculture,
infrastructure, manufacturing and green energy.
Documents were signed within the Kazakh-Chinese business council in Astana.
The event takes place on the eve of the summit of the Shanghai Cooperation
Organization, which Kazakhstan chairs this year.
Agreement on strategic cooperation with Astana branch of China Construction
Bank provides for preferential loan funds to DBK in the amount of US$500
million. The bank will use them to finance investment projects.
end of quote
Full text of the press release is available at
https://kase.kz/files/emitters/BRKZ/brkz_relizs_020724_1.pdf
[2024-07-03]