National managing holding KazAgro announces repayment of USD100 mln

/KASE, January 28, 15/ – National managing holding KazAgro JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with following information statement: quote JSC "National Holding "KazAgro" made a repayment of the loan from The Royal Bank of Scotland PLC in the amount of 100 million US Dollars on January 27, 2015. Proceeds were used to finance working capital of the Holding Company, for the purpose of financing the agro-industrial complex of the Republic of Kazakhstan, as well as financial recovery of agribusiness entities. From the proceeds 115 leasing contracts were signed for the purchase of agricultural machinery, 465 borrowers were funded under "Kasipker" program, 2,800 heads of cattle, 2011.3 tons of meat of cattle, as well as 1 266.7 tons of wool were bought for further processing. Timely and correct fulfillment of obligations to international investors once again confirms the financial stability and reliability of JSC "National Holding" KazAgro", which in turn makes holding a reliable business partner for investors. The above transaction has become a good example of cooperation of Holding "KazAgro" with international investors, aimed to implement the program for the development of agriculture in the Republic of Kazakhstan for 2013-2020 "Agrobusiness-2020". unquote [2015-01-28]