Development Bank of Kazakhstan grants loans to ArcelorMittal Temirtau and Kazzinc totalling KZT16.2 bn under Nurly Zhol economic policy

03.09.15 16:15
/KASE, September 3, 15/ – Development Bank of Kazakhstan JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote A subsidiary of NMH Baiterek JSC, Development Bank of Kazakhstan JSC (hereinafter – the Bank, DBK) opened a credit line for a total of KZT16.2 bn export operations of ArcelorMittal Temirtau JSC (included in ArcelorMittal Group) and Kazzinc LLP (included in the structure of Glencore International). The amount was granted on preferential terms within the framework of the New Economic Policy Nurly Zhol in support of Kazakhstan export. unquote The full version of the press release is available on KASE website in Russian at http://www.kase.kz/files/emitters/BRKZ/brkz_reliz_030915.pdf [2015-09-03]