business and economy

Kazakhstan to issue $100 million domestic bonds

By SRI ⋅ August 26, 2009 ⋅ Email This Post Email This Post ⋅ Print This Post Print This Post ⋅ Post a comment

(SRI) - Kazakhstan plans to sell about KZT15 billion ($100 million) in government bonds to domestic consumers, reportedly to offer an alternative to placing deposits in banks, Kazakhstan Today reported citing Finance Minister Bolat Zhamishev.

The notes will be pegged to the dollar and will be available on the primary market only for domestic retail investors. The terms of the bond will be 2-3 years, with face value of $10.

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