| 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. |
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