Exporter’s civil liability insurance for bonds
Insurance of civil liability of the exporter on bonds - protection of holders of bonds issued by exporters against default risk
- 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.