EuroWeek View: Kazakh banks to stay locked out of the loan market

Kazakh companies are back in the loan market, helped along by surging oil and commodity prices. But with memories still fresh of painful restructuring and the effect of Basel III on interbank lending beginning to be felt, it isn’t yet time to invite the country’s banks in from the cold.

  • 15 Mar 2011
Two Kazakh companies are raising funds in the loan market, and their deals look set to do well. Mining firm Eurasian Natural Resources Corporation (ENRC) is lining up a $500m two year facility, paying a margin of 225bp, while gas producer KazMunaiGas has invited banks to bid for ...

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