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Sovereign Wealth Funds Briefing - Categorized | Investment

KazMunaiGaz to raise $2.5 bln from National Oil Fund in 2013

Posted on 13 March 2012

KazMunaiGaz National Co., Kazakhstan’s state energy producer, will raise $2.5 billion selling bonds to the National Oil Fund (KAIRNOF) in 2013, removing the need to borrow abroad this year.
KazMunaiGaz (KMGZ) is in talks with the government about the interest rate, the Astana-based oil and gas producer said by e-mail today. The company will sell a second tranche of bonds to borrow $1.5 billion from the oil fund in 2015, it said………………………………………..Full Article: Source


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