Article 13. Attraction of loans by the Development Bank of the Law On the Development Bank of Kazakhstan

Home / RLA / Article 13. Attraction of loans by the Development Bank of the Law On the Development Bank of Kazakhstan

1. The Development Bank borrows to ensure repayment of the loan with its own assets or under state guarantees of the Republic of Kazakhstan.

1-1. Debt securities issued by the Development Bank are agency bonds from the moment it acquires the status of a financial agency in accordance with the legislation of the Republic of Kazakhstan on the securities market.

2. (Deleted - dated July 7, 2006, No. 178 (effective from the date of its official publication).

3. The Development Bank has the right, in accordance with the legislation of the Republic of Kazakhstan, to entrust to agents all or part of the activities related to the placement, repayment of securities and other debt obligations of the Development Bank and payment of remuneration on them.

The Law On The Development Bank Of Kazakhstan

The Law of the Republic of Kazakhstan dated April 25, 2001 No. 178.

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