27.10.2021

Baiterek Holding attracts 100 billion tenge to finance the Employment Roadmap for 2020-2021

Baiterek Holding attracts 100 billion tenge to finance the Employment Roadmap for 2020-2021

On October 27, 2021, Baiterek National Managing Holding attracted a bond loan for 100 billion tenge as part of the implementation of the Employment Roadmap for 2020-2021.

The money raised were used to finance the Holding’s subsidiaries in new areas of the program:

– 50 billion tenge will be spent to finance local executive bodies through Kazakhstan Housing Company to develop infrastructure and improve the quality of life of citizens;

– 50 billion tenge will be spent to finance investment projects of the agro-industrial complex through the Holding’s subsidiaries:

– Development Bank of Kazakhstan – 32.2 billion tenge;

– Kazyna Capital Management – 12.8 billion tenge;

– Agrarian Credit Corporation – 5 billion tenge.

In 2020, the Holding financed local executive bodies through Kazakhstan Housing Company for a total of 700 billion tenge for regional development under the Employment Roadmap.

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