Project Name 

Construction of a Ferroalloy Plant in Ekibastuz, Pavlodar Region

Project Description 

Construction of a Modern Ferrosilicon Plant in Ekibastuz with a Production Capacity of 240 000 tons per annum

Borrower

Development Bank of Kazakhstan JSC 

EkibastuzFerroAlloys LLP

Final Beneficiaries

Yerlan Zayrullayevich Nigmatullin, Shmagi Kemertelidze

Product

High-Grade Ferrosilicon (FeSi75)

Industry

Metallurgical Industry

Funding Status

Open

Region

Pavlodar Region

Project Financing Structure 

Project Cost 

92,2 bln ₸

Interest of Development Bank of Kazakhstan JSC, by currency of financing

72 bln ₸

Personal Interest of the Borrower

20,2 bln ₸

Interest of other creditors in the project financing

None

Terms and Conditions of the Financing Instrument of Development Bank of Kazakhstan JSC 

Financing Currency 

KZT

Type of Financing Instrument 

Non-revolving credit facility

Interest Rate 

13,7%

Loan Term 

137 mon.

Source of Financing 

Own funds