Name of the project

Construction of a plant for the production of volumetric blocks with a capacity of 15,000 blocks per year

Description of the project

Construction of a plant for the production of volumetric blocks with a capacity of 15,000 blocks per year

Borrower Development Bank of Kazakhstan JSC

ModeX Astana LLP

Products and services

9 000 blocks in year

Project financing structure

Project cost

26 754 mln ₸

Participation of Development Bank of Kazakhstan JSC, in the context of financing currencies

12 675 mln ₸

Borrower's own participation

14 079 mln ₸

Conditions for the provision of a financing instrument for Development Bank of Kazakhstan JSC

Funding currency

KZT

Financing instrument type

Credit line

Remuneration rate

Credit line 1 – 13.92% per annum, fixed. For newly issued tranches – 16.75% per annum, fixed.

The credit line is 2 – 6.694% per annum, fixed.

Loan term

Credit line 1 – up to 9 years (up to 108 months) from the date of conclusion of the agreement on opening a credit line.

Credit line 2 – 18 months, from the date of conclusion of an agreement on opening a credit line (for replenishment of working capital within the framework of an investment project) between the Bank and the Borrower.

Sources of financing

Credit line 1 – The Bank's own funds and/or other sources (including funds from government programs).

Credit Line 2 is a program of the Development Bank of Kazakhstan JSC for financing the working capital of manufacturing industry projects for 2023-2027.

Additional Information

Address

Astana, Akzhol street, 95