Development Bank of Kazakhstan Board of Directors takes decision to secure loan and increase bank's share capital

/KASE, November 28, 14/ – Development Bank of Kazakhstan JSC (Astana, hereinafter – the Bank), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed официальным письмом сообщило KASE следующее: quote On November 21, 2014 the Bank's Board of Directors ... took the following decisions: 1. on increasing the Bank's liabilities by an amount making ten and more percent of its equity by securing a loan from NMH "Baiterek" to the amount of KZT50,000,000,000 (fifty billion); 2. on increasing the Bank's share capital by way of offering 5,000 (five thousand) ordinary shares within the number of authorized shares of Development Bank of Kazakhstan at a price of KZT5,000,000 (five million) per ordinary share to a total amount of KZT25,000,000,000 (twenty five billion) by way of offering according to the preemptive purchase right. unquote [2014-11-28]