OREANDA-NEWS. November 19, 2009. Eurasian Development Bank, bonds of which are present in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the following press release, reported the press-centre of KASE:

Eurasian Development Bank (EDB) signed the credit agreement with the German bank Lendesbank Berlin AG to fund the textile equipment import to Tajikistan. Credit funds will be used to implement the investment project of the company Olim Textile, connected with construction of the modern spinning mill in Tajikistan.

Within this project equipment will be imported from Germany with its installation. EDB invests to the project over USD22.6 m for 12 years. The credit of Landesbank Berlin AG is provided by EDB against insurance of German export-credit agency - Euler Hermes.

Details on the bank are at http://www.eabr.org