Development Bank of Kazakhstan and Cassa Depositi e Prestiti sign EUR200 mln loan agreement

30.10.24 10:59
/KASE, October 30, 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 October 29, 2024: quote Development Bank of Kazakhstan JSC and the Italian national development institution Cassa Depositi e Prestiti (CDP) have executed a credit agreement amounting to €200 million. The financing will be facilitated with a guarantee from the Italian export credit agency SACE in favor of DBK. This marks CDP's inaugural transaction in Kazakhstan. The funds will be allocated to the development of key sectors of the economy that contribute to the country's sustainable growth. Particular emphasis will be placed on priority areas such as renewable energy, energy efficiency, transportation, healthcare, and water supply infrastructure. unquote The complete press release is available on – https://kase.kz/files/emitters/BRKZ/brkz_relizs_291024_1_rus.pdf [2024-10-30]