EM investors glow for Kazatomprom block

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By Sam Kerr
03 Jun 2020

Samruk-Kazyna, the Kazakh sovereign wealth fund, raised $206.7m on Tuesday night through a share placing in Kazatomprom, the country’s state uranium company. Emerging markets investors, who have been lacking new paper during the coronavirus crisis, lapped up the shares.

Citi and Renaissance Capital were the global coordinators on the international institutional tranche of the trade. Ren Cap and Halyk Bank of Kazakhstan were joint coordinators and bookrunners for the Astana International Exchange institutional placing for local investors.

The deal is the first true test of emerging ...

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