State-owned Kazakhstan Bank of Development (BDK) will place the eurobonds in the framework of the
bank's EMTN program. On Mar 18, BDK approved a USD 200mn borrowing plan for 2005-2006.
The funds will be attracted via issuance of Eurobonds and domestic bonds, as well as receiving loans from IFIs. The amounts of bond issuance would depend on the rate of growth of the bank's credit portfolio and the need in EUR.