Kazakhstan to come back on Eurobond market in September.

By bne IntelliNews May 22, 2013

Kazakhstan plans to come back to Eurobond market in September 2013, Finance Minister Bolat Zhamishev has stated. He added that the value of the issue would be probably USD 1bn. The move would help to ease budget pressure, according to the minister. To remind you, the government recently revised the budget for 2013, increasing deficit and thus is seeking foreign borrowings. It is also worth noting, the state-owned agriculture holding KazAgro placed recently 10-year USD 1bn Eurobonds with a coupon rate set at 4.625%. Kazakhstan issued the last Eurobonds in 2007, borrowing USD 350mn for 7 years. The announced Eurobonds will have 5-year maturity period.

Related Articles

Moldovan businessman Stati threatens to ask bailiffs to sell Kazakh Kashagan stake in legal battle

Moldovan businessman Anatolie Stati’s spokeswoman said on January 9 that Stati will ask bailiffs to sell a $5.2bn stake in the Kashagan oil field owned by Kazakh sovereign ... more

Kazakhstan cuts grain export forecast as Russia squeezes it out of markets

Kazakhstan has cut its grain export target for the 2017/2018 marketing season to 8mn tonnes of grain from the previously expected 9mn tonnes, Deputy Agriculture Minister ... more

Iran rejects idea that a Caspian Sea settlement is in sight

Iran’s foreign ministry has rejected the suggestion that the five littoral states that share the shore of the Caspian Sea have largely agreed to delineate its maritime borders and settle their ... more