Subsidiary Bank Sberbank of Russia provides USD400 mln for project of modernization of PetroKazakhstan Oil Products

30.10.14 17:52
/KASE, October 30, 14/ – Subsidiary Bank "Sberbank of Russia" JSC (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of October 29, 2014: quote "Sberbank CIB"[1]jointly with an affiliated Sberbank bank in Kazakhstan has arranged a financial package for JSC "KazMunayGaz" - refining and marketing" (Republic of Kazakhstan) to the extent of $ 400 mln[2]with 10 year term of payment. The credit funds will be aimed at financing the project of modernizing "PetroKazakhstan Oil Products" LLP (Shymkent Refinery). unquote The full version of the press-release is available on KASE website at: - http://www.kase.kz/files/emitters/SBER/sber_reliz_291014_kz.pdf – in Kazakh; - http://www.kase.kz/files/emitters/SBER/sber_reliz_291014_.pdf – in Russian. [2014-10-30]