Development Bank of Kazakhstan plans to issue USD 1bn Eurobonds.

By bne IntelliNews November 8, 2012
The Development Bank of Kazakhstan (BDK) plans to raise USD 1bn through Eurobond issue. The maturity of the bonds was set at 10 years. Proceeds will be used in part to redeem the bank's outstanding 5-year Eurobond. The issue is seen as a possible precursor to a sovereign issue next year. DBK is a state-owned bank established in 2001. The issue will probably test the market as Kazakhstan seeks foreign lending for funding its infrastructure projects.

Related Articles

Kazakhstan in talks with McDonald's.

Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more

Kazakhstan to establish institute for energy and energy effectiveness.

Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more

Kazakhstan to diminish oil products imports from Russia.

Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss