JSC Astana Finance signed US$15 million facility

This facility will be used for financing the contracts concluded by kazakhstani companies for delivery of equipment produced in. Up to date 5 such transactions were already signed, of which the latter between Canam Engines (Canada) and Investa Agro () for delivery of agricultural equipment totaling US$3.5 million.

Export Development Canada (the "EDC") is an export and credit agency making a proposal of the innovational and commercial decisions to Canadian exporters and investors to develop their business outside of. The agency cooperates with 6 400 Canadian companies and provides services to 200 international companies.

The EDC is a recognized leader in the Canadian market and during the last 7 years it was found invariably among the 100 most successful employers in the country.

At the contract signing ceremony the Canadian Extraordinary and Plenipotentiary Ambassador to Kazakhstan Mrs. Margaret Skok made a note saying that "signing of this contract holds particular promise for further economic development and strengthens the highly competitive position both of Canada and Kazakhstan in the agricultural sector of economy".

The attraction of this credit facility demonstrates the high-level confidence of international financial institutes in respect of JSC Astana Finance. This event has prefaced the successful transaction of the Company in the world capital markets, i.e., in September JSC Astana Finance attracted the US$50 million syndicated loan in spite of the liquidity crisis.

Today among non-banking organizations Astana Finance is one of the leaders operating in the ’s market of financial services. The Company’s strategy aims at creating and development of subsidiaries to provide complex services to population and businesses of Astana and taken in whole. Taking the opportunity of the non-banking organization’s status, the Company is investing efficiently to various sectors of economy. Its 10-year experience in financial sector allows the Company to operate efficiently in implementing the new projects and providing consulting services.

The International Rating Agency Moody’s assigned a Ba1 and the Fitch Rating Agency assigned a BB+ rating to Astana Finance ranking it as one of the leading financial institutes in the country.

updated 09.12.2008

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