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

10 500 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