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Sovereign Wealth Funds Briefing - Categorized | Market

Samruk Kazyna Eyeing Credit Amid Falling Oil

Posted on 24 February 2015

Samruk-Kazyna, the sovereign wealth fund of the Republic of Kazakhstan issued a statement Friday saying it could borrow up to $2.5 billion this year, either locally or abroad, to ease the debt it holds on its oil assets, which have been hit by the crude prices’ slump, Raushan Nurshayeva, Mariya Gordeyeva and Dmitry Solovyov write for Reuters..
“If conditions on external markets are attractive enough for us, we will tap into foreign markets, although right now, we see that the situation in the internal market is more favourable for us to borrow,” Samruk-Kazyna JSC Chairman, Umirzak Shukeyev said to a press briefing, according to Reuters………………………………………..Full Article: Source


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