VTB News (Kazakhstan)
VTB Bank, VTB Bank JSC (Kazakhstan) and KazTransGas JSC signed the Facility Agreement on attracting a loan in Russian rubles for a total amount of $ 200 million for a period of three years.
The funds will be used to refinance liabilities provided by ING Bank, Citibank N.A., Mitsubishi UFJ Financial Group, Inc., Société Générale and Mizuho Bank Ltd. in 2018.
Refinancing of the loan will allow KazTransGas JSC to raise funds on more favorable terms and significantly reduce currency risks in the current volatile context in the global capital markets.
Signing of this agreement with VTB Group indicates a high assessment of the credit reliability and investment attractiveness of the gas industry in Kazakhstan, and is also of great importance for the development of partnership relations between Kazakhstan and Russia.
KazTransGas JSC is the main gas energy and pipeline company of the Republic of Kazakhstan, representing the interests of the state both in the domestic and foreign gas markets. The company manages a centralized infrastructure for the transportation of commercial gas through main gas pipelines and gas distribution networks, provides international transit and sells gas on the domestic and foreign markets, and also develops, finances, builds and operates pipelines and gas storage facilities. The KazTransGas group of companies is represented in 10 regions of Kazakhstan, such as Almaty, Aktobe, Atyrau, East Kazakhstan, Zhambyl, West Kazakhstan, Kostanay, Kyzylorda, Mangistau and South Kazakhstan regions.
Subsidiary VTB Bank JSC (Kazakhstan) is a member of the VTB international financial group. The Bank has been successfully operating on the financial market of Kazakhstan more than 10 years. To date, Subsidiary VTB Bank JSC (Kazakhstan) has a branch network, consisting of 17 affiliates, located in all regions of the country. According to S&P Global Ratings, VTB (Kazakhstan) has one of the highest credit ratings among all second-tier banks of Kazakhstan. The Bank's Central Office is located in Almaty. The license of the Agency of the Republic of Kazakhstan for regulation and development of financial market No.1.2.14/39 dated February 3, 2020.
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