/KASE, November 5, 15/ – Kazkommertsbank JSC (Almaty), whose securities
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press-release:
quote
Flagship of the modern Kazakhstani electric machine engineering is Kentau
Transformer Plant (KTP), which totally disbursed the Kazkommertsbank loan in
the amount of KZT 1 bn, which was granted for purchase of equipment and
enabled support of the import substituting production.
This year funds were allocated by Kazkommertsbank in the form of revolving
credit line for 5 years at the interest rate of 6% per annum within the
framework of state program of the Development Bank of Kazakhstan (Tranche 3).
All loan proceeds have already been totally disbursed and used for purchasing
raw materials and materials for producing cabinet constructions, transformers
and different substations, as well as for replenishment of the working capital.
unquote
The full press-release is available on KASE website, at
http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_051115_en.pdf
[2015-11-05]