| 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
"All the bankers I spoke to, both here and abroad, feel that the success of this issue was important for everyone involved in emerging markets," says Madina Dushimova, director of international sales at Kazkommerts Securities in Almaty. "It has indicated resumed investor interest in Kazakhstan and has opened the door for other Kazakh issues." |