02.06.2015, 02:13
KazAgro announces start of funding sowing and harvesting campaigns
OREANDA-NEWS. June 02, 2015. National managing holding "KazAgro" (Astana), whose
bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided
KASE with the following information statement:
To carry out spring sowing and harvesting works in the current year, "KazAgro" National management holding" will direct 100.6 billion tenge. This amount by 16% exceeds the last year level of financing of sowing and harvesting campaigns by the holding. Support of agricultural actions is implemented through different instruments of financing of subsidiary companies of "KazAgro" Holding": forward purchase of grain, lending of agricultural producers under guarantees of second-tier banks, lending of credit cooperatives, leasing of agricultural machines and others.
The full information statement is available on KASE website in Russian at http://www.kase.kz/files/emitters/KZAG/kzag_reliz_010615.pdf
To carry out spring sowing and harvesting works in the current year, "KazAgro" National management holding" will direct 100.6 billion tenge. This amount by 16% exceeds the last year level of financing of sowing and harvesting campaigns by the holding. Support of agricultural actions is implemented through different instruments of financing of subsidiary companies of "KazAgro" Holding": forward purchase of grain, lending of agricultural producers under guarantees of second-tier banks, lending of credit cooperatives, leasing of agricultural machines and others.
The full information statement is available on KASE website in Russian at http://www.kase.kz/files/emitters/KZAG/kzag_reliz_010615.pdf
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