/KASE, February 25, 16/ – Development Bank of Kazakhstan JSC (Astana),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE),
provided KASE with the following press release:
quote
Subsidiary of Development Bank of Kazakhstan, DBK-Leasing JSC, the part of
Holding "Baiterek" (hereinafter "DBK-Leasing"), has opened a long-term lease
financing (up to 10 years) of the project for the tank wagons supply to organize
the rail transportation for Eastcomtrans LLP. The transaction amounting to more
than KZT1.1 bn was the first project funded by DBK-Leasing on the conditions of
Islamic leasing – "Ijara". The source of funding to organize this transaction
were the funds raised by Development Bank of Kazakhstan in 2012 during the
debut Islamic bonds "Sukuk" issue for the CIS issuers.
unquote
Full press release is available on KASE website in Russian at
http://www.kase.kz/files/emitters/BRKZ/brkz_reliz_250216.pdf
[2016-02-25]