On   November   20th,   Global   Banking   &   Markets   (GBM)   held   its   2024   awards   ceremony  in   Istanbul.   The   Kazakh   soda   ash   plant   project,   which   was   contracted   by   CAMCE,  won   the   "Corporate   Syndicated   Loan   Deal   of   the   Year"   and   "Export   Finance   Deal   of  the   Year"   awards   at   the   ceremony.   These   achievements   mark   the   international  recognition   in   terms   of   financing   innovation   and   market   influence   of   the   project.

Kazakhstan's   500,000   ton   soda   ash   plant   is   the   largest   soda   ash   plant   project   in  Central   Asia.   The   owner   is   a   Turkish   company.   It   is   a   model   of   third-party  cooperation   and   investment   in   Central   Asia.   The   financing   of   the   project   faced  many   severe   challenges,   such   as   multi-party   interweaving,   multi-country   financial  systems,   differences   in   laws   and   regulations   among   multiple   countries,   and  complex   special   requirements   of   the   local   market   in   Kazakhstan.   In   the   extremely  complex   financing   context,   multiple   financing   institutions   have   risen   to   the  challenge.   CAMCE   has   partnered   with   China   Export   Credit   Insurance   Corporation   to  establish   an   international   consortium   led   by   ING   Bank   and   Bank   of   China   in   the  medium   to   long   term   export   buyer's   credit   financing   structure.   At   the   same   time,  parallel   loans   have   been   provided   by   Kazakhstan   Development   Bank   and   People's  Savings Bank, successfully breaking through the financing bottleneck.

The   successful   financing   and   award   of   this   project   also   strongly   demonstrate  CAMCE's   professional   capabilities   in   the   field   of   international   project   financing,  demonstrating   the    outstanding   strength   of   CAMCE   in   financing   planning,   resource   integration,   and   risk   management.   It   has   a   positive   significance   in   attracting  high-quality   resources   and   promoting    the   sustained   and   stable   development   of   the  enterprise.