OREANDA-NEWS. April 22, 2009. Development Bank of China (Astana), securities of which are listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release, reported the press-centre of KASE:

On April 16, 2009 in Beijing within the frame of the state visit of Kazakhstan President N.Nazarabaev to China a Framework Agreemet on intention of a credit line was signed between Development Bank of Kazakhstan and Chinese Eximbank.

The Framework Agreement was signed at presence of heads of the two states by Kazakhstan bank chairman Kayrat Kelimbetov and Eximbank President Li Zhuogy.

According to the Framework Agreement Eximbank is intending to provide an up to USD5 bn credit line to Development Bank of Kazakhstan. The credit line will allow credits for up to 15 years targeted at development of energy, transport and communications infrastructure, and implementation of prospect projects in metallurgy, chemical and oil and gas industries in Kazakhstan.