Signed a Memorandum of Understanding between JSC “Kazakhstan Stock Exchange” (KASE) and JSC «KazakhExport» Export insurance company» joint-stock company | 公司新闻 | Export insurance company «KazakhExport»

公司新闻

Signed a Memorandum of Understanding between JSC “Kazakhstan Stock Exchange” (KASE) and JSC «KazakhExport» Export insurance company» joint-stock company

JSC "Kazakhstan Stock Exchange" (KASE) and JSC "IC" «KazakhExport» Export insurance company» joint-stock company"signed a memorandum of understanding, under which it is planned to carry out joint Kazakh exporters support non-commodity products..

The objectives of cooperation were identified: to promote the development of the securities market; export and trade, as well as to create favorable conditions and stimulate domestic output of export-oriented enterprises and organizations of the Republic of Kazakhstan on the stock market.

“Within the framework of the signed memorandum exporters will be able to borrow funds of the stock market through the issuance and placement of bonds, secured by insurance coverage of JSC “IC “KazakhExport” from the issuer default risk”, - said Chairman of the Board of KASE Aldambergen A., and express confidence that this instrument will be demanded by participants of market of securities and will allow exporters to obtain direct access to the financial resources.

The two sides also reached an agreement on the exchange of necessary information, the joint development of the conceptual, methodological, normative and other documents, aimed at achieving the objectives of Memoranum.

Chairman of the Board of JSC “IC “KazakhExport” Ruslan Iskakov said: “We hope that this tool will be in demand by participants of securities market and will allow exporters to obtain direct access to cheap and long-term monetary resources in national currency. This, in its turn, will give an impulse to the development of non-commodity exports, and thus diversifying the economy. It should be noted, if the mechanism of subsidizing of coupon rate will be approved in 2017, then, in my opinion, the load on republican budget will decrease”.

«KazakhExport» Export insurance company» joint-stock company plans to hold permanent joint monitoring of export-oriented enterprises and organizations of the Republic of Kazakhstan for their willingness to enter the domestic stock market.

KASE, in its turn ensures the exchange of analytical information on potential issuers and the stock market; development and implementation of practical mechanism for release of export-oriented organizations, bonds, insurance coverage from the issuer default risk.

Sourse: cbonds.com