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.

Read in IntelliNews Pro

Get IntelliNews Pro

Related Articles

Turkey-based Eurasian development bank ETDB signs memo to boost return to Iran

The Central Bank of Iran (CBI) and the Turkey-based ECO Trade and Development Bank (ETDB) have signed a memorandum on strengthening bilateral ties, the CBI said on October 10. ETDB is a Eurasian ... more

Air Astana claims Kazakh air traffic may halt due to aviation fuel suspension

Air Astana said on September 25 that regular air traffic might come to a halt in Kazakhstan due to falling aviation kerosene supplies from Russia as well as the upcoming ... more

Kazakhstan's CAML takes over Macedonian Lynx in $402.5mn mining deal

Kazakhstan-based copper producer Central Asia Metals (CAML) said on September 22 it has conditionally agreed to acquire a 100% interest in Bermuda-based Lynx Resources ... more

Dismiss