Translated version of this PSD: Russian
Project description and objectives
providing a senior loan of up to KZT 37.2 billion (EUR 185 million equivalent)
to restructure balance sheet of JSC National Company “Kazakhstan Temir Zholy”, Kazakhstan’s
National Railways Company (KTZ). Funding will be used to repay maturing in May
2016 Eurobonds. The loan will be provided in local currency, assisting KTZ with
creating natural currency hedge, aligning currency of its credit portfolio and
Frameworks for markets
Demonstration of Successful Restructuring –Financial Restructuring
Demonstration of Successful Restructuring –Institutional Restructuring
The Project will focus of assisting KTZ and the Government with implementation of proposed corporatisation/privatisation of freight operations in a timely manner.
The expected transition impact rating is ‘strong to good’.
manages railway infrastructure and operates freight and passenger train services. KTZ plays a key role in the Kazakh national transport sector with leading position in freight and passenger traffic.
Total project cost
involve any capex investments. Therefore, the project will have no adverse future
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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