KazTransGas attracts $ 400 million credit funds

Citibank, ING Bank and Natixis are the financing banks. The loan has been received for a period of three years with an interest rate of 1,5% + 3MLibor, the press service of the company reports. Despite the unstable situation in the global markets, the company has managed to attract borrowed funds at a very low rate, said the chairman of the Board of JSC "KazTransGas" Kairat Sharipbayev. According to his words, the credit funds will be used to refinance the company's liabilities. Sustainable economic development of Kazakhstan, as well as its recognition by the international community, is the result of the policy initiated by the President Nursultan Nazarbayev. Sustainable enhancement of Kazakhstan is largely determined by the development prospects of the country's oil and gas industry. KazTransGas, as the national operator in the field of oil and gas, will continue to implement the tasks set by the Head of State in the new economic policy Nurly Zhol.