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06/25/2024 14:12:00

Baiterek Holding launches 100 billion tenge leasing program for farmers

24.05.2024

Baiterek Holding raises 200 billion tenge via bond issuance to aid farmers

Baiterek Holding raises 200 billion tenge via bond issuance to aid farmers

     On May 23, 2024, to ensure prompt financing for agricultural ventures, Baiterek Holding accessed bond loans via the KASE platform, totaling 200 billion tenge. This comprised 100 billion tenge for a 5-year term at an interest rate of 13.46% per annum, and another 100 billion tenge for a 1-year period at a rate of 13.5% per annum.

     The funds were directed towards the Agricultural Credit Corporation to sponsor projects within the agro-industrial complex and KazAgroFinance to facilitate the acquisition of agricultural machinery and equipment for subsequent leasing. The raised capital will be utilized by the Agricultural Credit Corporation to implement state support measures for livestock breeding, agricultural product processing, and crop cultivation, ensuring smooth spring field operations and harvest activities. Additionally, KazAgroFinance will lease agricultural machinery to stakeholders in the agro-industrial sector.

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