KazAgro implements program of financial recovery of agribusiness entities
15:39, 31 October 2014
ASTANA. KAZINFORM - "KazAgro" provided 300 billion tenge for refinancing and restructuring of bad loans for agribusiness entities, reports the press service of the Holding on Friday.
The financial recovery of agribusiness entities is being implemented under the program for agribusiness complex development in the Republic of Kazakhstan for 2013-2020 ("Agribusiness-2020"), AKI Press reported. The funds were attracted by "KazAgro" Holding in May 2013, when it made a successful debut placement of Eurobonds issue for sum of 1 billion US dollars for 10 years. In May 2014 the holding implemented placement of Eurobonds issue for 600 million Euros for 5 years. This placement was the second exit of "KazAgro" to international capital markets and the first from 2007 placement in Euros of Kazakhstan company.