Issue of a bank guarantee of Development Bank of Kazakhstan JSC for the project «Construction of a Multi-Brand Changan, Chery and Haval Passenger Car Production Plant in Kazakhstan»
Mechanical engineering
Funding status: Guarantee status: Current
Information about Astana Motors Manufacturing Kazakhstan LLP
Project Name |
Issue of a bank guarantee of Development Bank of Kazakhstan JSC for the project «Construction of a Multi-Brand Changan, Chery and Haval Passenger Car Production Plant in Kazakhstan» |
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Project Description |
Construction of a Multi-Brand Changan, Chery and Haval Passenger Car Production Plant in Kazakhstan |
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Borrower
Development Bank of Kazakhstan JSC |
Astana Motors Manufacturing Kazakhstan LLP |
|
Final Beneficiaries |
Astana-Motors Motor Company LLP 99.9%, Astana-Motors Management LLP 0.1%
(ultimate beneficiary – N.E. Smagulov) |
|
Product |
Cars of Chinese brands CHERY, CHANGAN, HAVAL – 90,000 pcs per year. CCEA 29101 Production of Cars, Except Engines for Cars |
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Industry |
Mechanical Engineering |
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Guarantee status |
Current |
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Region |
Almaty (industrial zone) |
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Project Financing Structure |
Project Cost |
115 bln ₸ |
Interest of Development Bank of Kazakhstan JSC |
Bank guarantee |
|
Personal Interest of the Borrower |
23 679 mln ₸ |
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Interest of other creditors in the project financing |
IDF JSC –91 321 mln ₸ (rate of remuneration 9% per annum) |
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Terms and Conditions of the Financing Instrument of Development Bank of Kazakhstan JSC |
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Type of support tool |
Bank guarantee |
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Commission for bank guarantee risks |
3% p.a. |
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Guarantee period |
120 mon. |
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Contact Details |
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Address |
Almaty, Al-Farabi Avenue, 107 |
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Phone |
+7 (727) 244 76 53 |