/KASE, September 16, 2024/ – Development Bank of Kazakhstan JSC
(Astana), whose bonds are officially listed on Kazakhstan Stock Exchange
(KASE), has provided KASE with the following press release dated September
13, 2024:
quote
As part of the working trip of Vice Minister of National Economy of the Republic
of Kazakhstan Arman Kassenov to China, Deputy Chairman of the Board of the
Development Bank of Kazakhstan JSC (a subsidiary of "Baiterek " Holding)
Botagoz Abisheva held a series of meetings with key financial institutions in
China, during which prospects for cooperation in the implementation of joint
projects in the infrastructure sector were discussed and industrial areas.
Key participants in the meetings included the State Development Bank of China
(SDBC), the Silk Road Fund, the Asian Infrastructure Investment Bank, the
China-Eurasian Economic Cooperation Fund, China Sinosure Corporation, the
Hong Kong Monetary Authority, as well as financial institutions such as HSBC,
Hang Seng Bank, Standard Chartered Bank, Bank of China Hong Kong, UBS
Hong Kong, China International Capital Corporation and others.
Following the meetings, DBK and SBDC signed an agreement to provide a credit
line in the amount of 2 billion yuan. The first loan agreement with SDBC in yuan
opens up alternative currency opportunities for DBK and brings additional
investments in non-resource sectors of the economy.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_130924_1.pdf
[2024-09-16]