Kazakhstan: Corporates throw down funding challenge

Two of Kazakhstan’s leading companies are poised to fully test investor sentiment towards the central Asian state in the coming weeks, with big transactions in the debt and equity markets.

Two of Kazakhstan’s leading companies are poised to fully test investor sentiment towards the central Asian state in the coming weeks, with big transactions in the debt and equity markets.

On the debt front, oil and gas firm KazMunaiGas (KMG) is in the market with a $3.1 billion syndicated loan, the proceeds of which will be used to help fund its acquisition of Romania’s Rompetrol. The unsecured one-year bridge loan, arranged by ABN Amro, Credit Suisse and Calyon, will cover the estimated $2.7

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