KAZEXPORTASTYK Borrows USD 35.2 m from EDB
OREANDA-NEWS. November 15, 2011. JSC KAZEXPORTASTYK Holding successfully co-operates with Eurasian Development Bank (EDB) and attracts funds to optimize the balancer sheet's structure during preparation for embarking on global stock markets. The bank will provide KAZEXPORTASTYK Holding with USD35.2 m for 5 years in order to substitute more expensive borrowings, reported the press-centre of KASE.
Substitution of the current debt will enable KAZEXPORTASTYK Holding to save considerably on interest payable and collateral expenses, which is to have a positive impact onto the company's total income.
This project is a fourth one in the history of co-operation between KAZEXPORTASTYK Holding and EDB.
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