OREANDA-NEWS. Development Bank of Kazakhstan JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:

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Development Bank of Kazakhstan JSC... launces the project to finance a comprehensive modernization of the mineral fertilizers production plant of KazAzot LLP in Aktau. The total cost of the project amounts to more than KZT56 bn; 72.3% of the funds needed are provided by DBK as a loan in the national currency for up to 10 years. The project is being implemented under the Kazakhstan industrial-innovative development state program for 2015-2019.

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The full version of the press release is available on KASE website in Russian at – http://www.kase.kz/files/emitters/BRKZ/brkz_reliz_251215.pdf