Samruk-Kazyna JSC and ForteBank JSC agreed on the conversion of previously placed funds in the amount of KZT220 billion from the deposit into bonds. This agreement is concluded by the parties in pursuance of the instruction of the Head of State on taking measures for long-term lending to the economy and development of the stock market.
Within the framework of this agreement, on a parity basis, it finances the Fund Group in the total amount of KZT220 billion including: for the Fund - KZT75 billion, for JSC “National Company “Kazakhstan Temir Zholy” - KZT75 billion and for JSC “National Atomic Company “Kazatomprom” - up to USD200 million. Previously, this was reported on August 3 at the briefing on the results of the six months.
According to the Fund, the situation in Fortebank is stable and the level of liquidity of the Bank allows providing the Group’s funding in the declared amount. The transaction is at the stage of completion