"KazAgro" paid off the debt on eurobonds in the amount of 179.6 million euros
Almaty. May 28. KazTAG - KazAgro Holding JSC has paid off the remaining debt on Eurobonds in the amount of 179.6 million euros, reported the press service of the holding.
As a result, the holding got rid of possible currency risks, significantly improving financial sustainability.
“The exclusion of exposure to currency risks is an important component of KazAgro’s financial stability. Holding, as the main operator of state programs in the agricultural sector, must itself be financially sustainable. Without an understanding of this factor, successful implementation of the tasks set by the state is impossible,” - said the Chairman of the Management Board of KazAgro Holding JSC Yerbol Karashukeyev.
It is noted that timely payment of debts has a positive effect on the ratings of the holding.
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