Kazakhstan - A rare success from the CIS

Kazakhstan – A rare success from the CIS

Headline: Kazakhstan – A rare success from the CIS Source: Euromoney magazine Date: January 2000 Author: Ted Kim It may have more illustrious neighbours, but giant, oil-rich Kazakhstan is largely self-sufficient in food, has a functioning domestic capital market and modern pension system and is run on democratic lines. It also has access […]

Headline: Kazakhstan – A rare success from the CIS
Source: Euromoney magazine
Date: January 2000
Author: Ted Kim

It may have more illustrious neighbours, but giant, oil-rich Kazakhstan is largely self-sufficient in food, has a functioning domestic capital market and modern pension system and is run on democratic lines. It also has access to the international capital markets and has just repaid a maturing Eurobond. Ted Kim reports

Nursultan Nazarbayev

Despite the continuing struggle over Russian debt negotiations and the flood of litigation about to hit the New York courts following Ecuador’s Brady bond default, in September last year Kazakhstan managed to become the first CIS issuer and one of relatively few emerging market sovereigns to tap the international debt markets since the August 1998 crisis.

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Kazakhstan – A rare success from the CIS

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