JSC NC “KazMunayGas” announces early repayment of the $371.4 mn loan
Within the framework of the strategy towards reducing the debt load, on 29 October 2018 KazMunayGas made full early repayment of the $371,428,571.43 loan from Sberbank of Russia PJSC out of the own free cash, incl. cash generated from asset realization.
The loan from Sberbank of Russia PJSC for the initial amount of $400 mn was raised by KazMunayGas - Refining & Marketing JSC in 2014 to finance the Shymkent Refinery Reconstruction and Modernization project. KazMunayGas - Refining & Marketing JSC was reorganized through a merger into KMG in 2017.