Оn conclusion of a self-dealing transaction (with Development Bank of Kazakhstan JSC )

Оn  conclusion of a self-dealing transaction (with Development Bank of Kazakhstan JSC  )

On 30 October 2014, the Holding concluded a loan agreement with the subsidiary Development Bank of Kazakhstan JSC on the following principal terms:
1. Loan amount is 50,000,000,000 (fifty billion) tenge;
2. Loan period is 20 years to 30 October 2034;
3. Interest rate: 0.15 % (zero point fifteen percent) per annum;
4. Loan currency is tenge;
5. Purpose of the loan: financing projects under the State program for industrial and innovative development of the Republic of Kazakhstan for 2015-2019;
6. Payment of principal debt: at the end of the loan period, with the right of advanced repayment on borrower’s initiative from 2024; 
7. Payment of remuneration. Period of the first payment is 30 April 2015, the following payments: semi-annually from the date of the first payment.  
8. Security  – no;
9. Date of decision of agreement conclusion: 30 September 2014 (Decision of the meeting in absentia of the Holding’s Board of Directors No.08/14).

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