Archive for June, 2008
Temirbank repaid $130 ml loan to Standard Bank
Temirbank, the 7th largest Kazakh bank, has repaid Standard Bank loan of $130 million, Kazakhstan Stock Exchange (KASE) reported.
“On June 23, 200 the bank paid off the loan borrowed from Standard Bank Plc to the total of 130 ml US dollars plus an accrued interest of 4.634 ml US dollars,” KASE said in a statement.
Kazakhstan’s second-largest bank, BTA, has a controlling stake in the retail-focused Temirbank. BTA has announced that it plans to sell the bank to a strategic buyer this year.
National Bank boost capital of Deposit Insurance Fund
The National Bank contributed 14 billion tenge ($120 million) to increase the registered capital of Deposit Insurance Fund, Interfax-Kazakhstan reported.
KazMunaiGas floats five- and ten-year notes
Kazakhstan national oil and gas company KazMunaiGas floated five- and ten-year notes on Wednesday worth $3 billion, Interfax-Kazakhstan reported citing Bloomberg.
The company offered five-year securities with the coupon rate at an annual rate of 8.375% valued at $1.4 billion and ten-year notes at 9.125% worth $1.6 billion. The spreads above the U.S. Treasure securities are 4.02 percent and 5.15 percent.
The notes have Baa1 rating from Moody’s and BBB from Standard & Poor’s.
Lead managers of the issue were ABN Amro Holding NV, Citigroup Inc. and Credit Suisse Group.
Kazakhstan News Roundup - June 26, 2008
energy:
Turkey promotes new pipeline for Kazakh oil
(UPI) - Where would the crude for Samsun-Ceyhan (SCP) come from? The short answer is Kazakhstan, which is currently forced to use the Caspian Pipeline Consortium, terminating at Russia’s Novorossiisk port on the Sea of Azov, for the bulk of its exports.
Kazakhstan to have own oil quotations from June 25, 2008
(Azerbaijan Business Center) - Argus Media International Price Agency is starting publishing quotations for Kazakhstan oil sorts.
BMB Munai, Inc. announces receipt of exploration contract extension (PR Newswire)
mineral resources:
Outotec to tie up with Kazakhstan’s KGCM
(Thomson Financial - Hemscott) - Outotec Oyj said it has agreed to market minerals processing and metallurgical plants together with Kazakh engineering group Kazgiprotsvetmet (KGCM) in a bid to boost sales in Kazakstan and neighbouring countries.
business and economy:
Kazakhstan Alliance Bank Q1 2008 net halves
(Reuters) - Kazakhstan’s Alliance Bank said on Wednesday its first-quarter net profit fell to $35 million from $66.5 million in the same period of 2007.
Nurbank boosts capital by 24 percent
Nurbank, the 9th biggest bank in Kazakhstan, has raised its charter capital by 6.5 billion tenge ($54 million) to 33.6 billion tenge ($280 million), according to a press release issued on Wednesday.
Kazakhstan to introduce state monopoly on caviar sales
(RIA Novosti) - The lower house of the Kazakh parliament has approved in its first reading a bill to introduce a state monopoly on caviar production and sales, the parliamentary press service said on Wednesday.
National Bank cuts refinancing rate by 10.5% on July 1
(Interfax) - The National Bank of Kazakhstan has reduced the refinancing rate starting from July 1 to 10.5%.
Joint statement on Kazakh-American public-private economic partnership (Kazinform)
National Bank of Kazakhstan: Exchange rates June 26, 2008 (Kazinform)
Indicators - June 26, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
politics:
Parliament adopts amendments to law “On Bankruptcy” (Interfax)
society:
Men become more effeminate: Dariga Nazarbaeva
(Interfax) - Dariga Nazarbaeva, the chair of the fund of the first Kazakhstan’s president, believes that the essential trait of men – masculinity is gradually giving way to effeminate features.
Women’s summit opens in Astana
(RFE/RL) - The second Eurasian Women’s Summit is under way in Astana, bringing together more than 400 women from social, political, and business organizations to discuss strategies for women’s empowerment.
regional news:
Burgas-Alexandroupolis pipeline route to be amended - Gazpromneft
(Itar-Tass) - The feasibility studies of the Burgas-Alexandproupolis pipeline project will begin to be actualized in the near future, the project’s chief from the Gazpromneft company, Nikolai Seryogin, told the media on Wednesday.
Kazakhstan Society Roundup - June 26, 2008
Men become more effeminate: Dariga Nazarbaeva
(Interfax) - Dariga Nazarbaeva, the chair of the fund of the first Kazakhstan’s president, believes that the essential trait of men – masculinity is gradually giving way to effeminate features.
Women’s summit opens in Astana
(RFE/RL) - The second Eurasian Women’s Summit is under way in Astana, bringing together more than 400 women from social, political, and business organizations to discuss strategies for women’s empowerment.
Kazakhstan Politics Roundup - June 26, 2008
Parliament adopts amendments to law “On Bankruptcy” (Interfax)
Kazakhstan Business and Economy Roundup - June 26, 2008
Kazakhstan Alliance Bank Q1 2008 net halves
(Reuters) - Kazakhstan’s Alliance Bank said on Wednesday its first-quarter net profit fell to $35 million from $66.5 million in the same period of 2007.
Nurbank boosts capital by 24 percent
Nurbank, the 9th biggest bank in Kazakhstan, has raised its charter capital by 6.5 billion tenge ($54 million) to 33.6 billion tenge ($280 million), according to a press release issued on Wednesday.
Kazakhstan to introduce state monopoly on caviar sales
(RIA Novosti) - The lower house of the Kazakh parliament has approved in its first reading a bill to introduce a state monopoly on caviar production and sales, the parliamentary press service said on Wednesday.
National Bank cuts refinancing rate by 10.5% on July 1
(Interfax) - The National Bank of Kazakhstan has reduced the refinancing rate starting from July 1 to 10.5%.
Joint statement on Kazakh-American public-private economic partnership (Kazinform)
National Bank of Kazakhstan: Exchange rates June 26, 2008 (Kazinform)
Indicators - June 26, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
Kazakhstan Regional News Roundup - June 26, 2008
Burgas-Alexandroupolis pipeline route to be amended - Gazpromneft
(Itar-Tass) - The feasibility studies of the Burgas-Alexandproupolis pipeline project will begin to be actualized in the near future, the project’s chief from the Gazpromneft company, Nikolai Seryogin, told the media on Wednesday.
Kazakhstan Mineral Resources Roundup - June 26, 2008
Outotec to tie up with Kazakhstan’s KGCM
(Thomson Financial - Hemscott) - Outotec Oyj said it has agreed to market minerals processing and metallurgical plants together with Kazakh engineering group Kazgiprotsvetmet (KGCM) in a bid to boost sales in Kazakstan and neighbouring countries.
Kazakhstan Energy Roundup - June 26, 2008
Turkey promotes new pipeline for Kazakh oil
(UPI) - Where would the crude for Samsun-Ceyhan (SCP) come from? The short answer is Kazakhstan, which is currently forced to use the Caspian Pipeline Consortium, terminating at Russia’s Novorossiisk port on the Sea of Azov, for the bulk of its exports.
Kazakhstan to have own oil quotations from June 25, 2008
(Azerbaijan Business Center) - Argus Media International Price Agency is starting publishing quotations for Kazakhstan oil sorts.
BMB Munai, Inc. announces receipt of exploration contract extension (PR Newswire)
