/KASE, August 28, 2025/ – ForteBank JSC (KASE ticker – ASBN) reported the
following:
quote
August 28, 2025
ForteBank JSC, one of Kazakhstan's leading banks, announces the completion of
a unique deal to raise a syndicated loan in the amount of 750 million Chinese
yuan for a term of three years. This is the first syndicated loan in yuan in
Kazakhstan's history attracted by a commercial bank.
The transaction marks an important stage in the development of ForteBank and
the Kazakh financial market, highlighting the growing role of alternative
currency funding instruments and strengthening economic ties between Kazakhstan
and China.
Significant interest from international investors ensured that the deal was
doubled from its initial size. The syndicate included five international banks.
The Mandated Lead Arrangers are ICBC Standard Bank plc / ICBC Almaty JSC ,
First Abu Dhabi Bank PJSC and the Export-Import Bank of China. Altyn Bank JSC
acted as the organizer.
The funds will be used to finance major investment projects in key sectors of
the economy, including metallurgy, industry and other strategically important
sectors. This initiative will modernize production facilities, stimulate the
introduction of modern technologies and strengthen the position of the national
economy in the international arena.
unquote
The full version of the press release in Kazakh and Russian is available at
https://kase.kz/files/emitters/ASBN/asbn_relizs_280825.pdf
[2025-08-28]