On the bonds of the exporter civil liability insurance
This tool allows for attracting financing for the development of export capacity and provides protection against the risk of default to bondholders issued by exporters
- KazakhExport and the Exporter shall enter into an exporter’s civil liability insurance contract for bonds;
- The exporter shall issues bonds under the insurance coverage of KazakhExport;
- Due to the funds obtained from the placement of bonds, the Exporter shall increase exports of its products;
- If the exporter fails to redeem the bonds issued by it in a timely manner, KazakhExport shall make compensation at par value of the bonds to the bondholders.