Kazakhstan: Food Corporation repaid loans in the amount of 35 billion 750 million tenge

Новость на Казах-зерно:

“JSC” National Company “Food Contract Corporation” reported on the early repayment of loans: for the sum of 12 billion 750 million tenge under the bank loan contract of the SB of JSC “Sberbank of Russia” dated December 19, 2012; for the sum of $19 billion tenge, according to the agreement of the bank loan of the JSC “Halyk Bank of Kazakhstan” dated December 19, 2012 to the Agreement for a credit line dated October 24, 2012; for the sum of $4 billion tenge, on the Loan Agreement of the JSC “Citibank Kazakhstan” dated December 14, 2012″, said in the statement posted on the website of the national company.

In addition, on June 19, 2013 Food Corporation concluded with the JSC “Holding “KazAgro” framework agreement on a loan in the amount of 43 billion 750 million tenge for one year, with the funds received by the JSC” Holding “KazAgro” from the placement of eurobonds for the sum of 1 billion U.S. dollars, the IA “Kazakh-Zerno”.

For reference: the main activity of the JSC “National Company “Food Contract Corporation” is to ensure the procurement, formation, registration, organization of storage, renovation, relocation, sale of state reserves of grain and products of its processing and other functions determined by the Government of Kazakhstan. The sole shareholder of the company is the JSC “National Managing Holding “KazAgro”.

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