Document from CIS Legislation database © 2003-2017 SojuzPravoInform LLC

ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of April 4, 2017 No. 170

About approval of the main conditions of the budget crediting of joint-stock company "National managing holding "Bayterek"

According to Item 2 of Article 180 of the Budget code of the Republic of Kazakhstan of December 4, 2008 and the Law of the Republic of Kazakhstan of November 29, 2016 "About the republican budget for 2017 - 2019" the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed main conditions of the budget crediting of joint-stock company "National managing holding "Bayterek" with the subsequent crediting of Development Bank of Kazakhstan joint-stock company for financing of updating of the park of cars through BRK-Leasing joint-stock company.

2. To the Ministries of Finance, on investments and development of the Republic of Kazakhstan in the procedure established by the legislation to provide:

1) the conclusion of the credit agreement with joint-stock company "National managing holding "Bayterek";

2) control over the implementation of the main and additional terms of crediting;

3) control and monitoring of target and effective use, timely repayment and servicing of budget credit.

3. To joint-stock company "National managing holding "Bayterek" quarterly, no later than the 10th following the accounting period to provide information on development of the credit in the Ministries of Finance, on investments and development of the Republic of Kazakhstan.

4. To impose control of execution of this resolution on the Ministry for Investments and Development of the Republic of Kazakhstan.

5. This resolution becomes effective from the date of its signing.

Prime Minister of the Republic of Kazakhstan

B. Sagintayev

Approved by the Order of the Government of the Republic of Kazakhstan of April 4, 2017 No. 170

The main conditions of the budget crediting of joint-stock company "National managing holding "Bayterek" with the subsequent crediting of Development Bank of Kazakhstan joint-stock company for financing of updating of the park of cars through BRK-Leasing joint-stock company

1. For loan granting to joint-stock company "National managing holding "Bayterek" (further – the borrower) the following main conditions are established:

1) the loan amount constitutes 18600000000 (eighteen billion six hundred million) tenges, provided by the Law of the Republic of Kazakhstan of November 29, 2016 "About the republican budget for 2017 - 2019" according to the budget program 219 "Crediting of JSC National Managing Holding Bayterek with the subsequent crediting of JSC Development Bank of Kazakhstan for financing of updating of the park of cars through JSC BRK-Leasing;

2) the loan is granted to the borrower in tenge on the terms of urgency, the paid nature and recoverability for a period of 20 (twenty) years at the rate of remuneration, equal 0,05 of % per annum;

3) allocation of the credit from the republican budget is performed by one-time transfer of all credit amount to the account of the borrower;

The period of development constitutes 4) 2 (two) years from the date of transfer of the credit for the account of the borrower;

5) payment of the added remuneration for the credit is performed 1 (one) time a year (the first payment of the added remuneration is made after 1 (one) from the date of money transfer of the credit for the account of the borrower);

6) repayment of principal debt on the credit is performed by the borrower equal shares since 2023 after grace period which constitutes 6 (six) years;

7) the Development Bank of Kazakhstan joint-stock company is granted the loan with rate of remuneration of 0,08 of % per annum, with the subsequent crediting of BRK-Leasing joint-stock company with rate of remuneration of 0,1 of % per annum with for a period of 20 (twenty) years for financing of updating of the park of cars of Passenger traffic joint-stock company.

2. Additional terms on provision, repayment and servicing of the credits are established in the credit agreement according to the Budget code of the Republic of Kazakhstan of December 4, 2008.

 

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