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
 


Insurance procedure

  1. KazakhExport and the Exporter shall enter into an exporter’s civil liability insurance contract for bonds;
  2. The exporter shall issues bonds under the insurance coverage of KazakhExport;
  3. Due to the funds obtained from the placement of bonds, the Exporter shall increase exports of its products;
  4. 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.
     




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