Archive for November 11th, 2009
Kazakhstan Daily News Roundup - November 11, 2009
HEADLINES:
Kazakhstan may restrict foreign ownership in the banking sector - Marchenko
(SRI) - Kazakhstan may limit foreign ownership of banks and other financial companies to reduce the risk of a credit crunch, central bank chairman Grigoriy Marchenko said on Tuesday.
Caspian N Block may hold up to 3 billion barrels of crude - oil company
(SRI) - The N Block, an offshore exploration project in Kazakhstan’s Caspian Sea, may hold 1.5 billion to 3 billion barrels of crude oil, Mubadala Development Co., one of the companies developing the project, said on Tuesday.
Alliance to hold creditors meeting in December to approve restructuring plan
(SRI) - Alliance Bank announced on Monday it would hold a creditors meeting on December 15 in Almaty to approve the bank’s debt restructuring plan.
BUSINESS AND ECONOMY:
Kazakhstan plans to sell first foreign bond in decade
(Bloomberg) - Kazakhstan plans to offer its first foreign-currency bonds in a decade next year, joining Russia in seeking to lure back investors as rising energy prices spur the former Soviet region’s economic recovery.
ATF Bank repays $200 million Eurobond (SRI)
Kazakh Alliance in talks with private equity fund (Reuters)
Common shares of BTA Bank admitted to circulation at KASE as unlisted securities from November 10 (Interfax)
Exchange rate corridor policy to be preserved in Kazakhstan next year - Marchenko (Kazinform)
National Bank of Kazakhstan: Exchange rates November 11, 2009 (Kazakhstan Today)
Kazakhstan Business and Economy Roundup - November 11, 2009
Kazakhstan may restrict foreign ownership in the banking sector - Marchenko (SRI)
Alliance to hold creditors meeting in December to approve restructuring plan (SRI)
Kazakhstan plans to sell first foreign bond in decade (Bloomberg)
ATF Bank repays $200 million Eurobond (SRI)
Kazakh Alliance in talks with private equity fund (Reuters)
Common shares of BTA Bank admitted to circulation at KASE as unlisted securities from November 10 (Interfax)
Exchange rate corridor policy to be preserved in Kazakhstan next year - Marchenko (Kazinform)
National Bank of Kazakhstan: Exchange rates November 11, 2009 (Kazakhstan Today)
ATF Bank repays $200 million Eurobond
(SRI) - ATF Bank, Kazakhstan’s fourth largest bank, successfully repaid a $200-million Eurobond using its own funds, the bank announced on Monday.
Alliance to hold creditors meeting in December to approve restructuring plan
(SRI) - Alliance Bank announced on Monday it would hold a creditors meeting on December 15 in Almaty to approve the bank’s debt restructuring plan.
Kazakhstan may restrict foreign ownership in the banking sector
(SRI) - Kazakhstan may limit foreign ownership of banks and other financial companies to reduce the risk of a credit crunch, central bank chairman Grigoriy Marchenko said on Tuesday.
Caspian N Block may hold up to 3 billion barrels of crude - oil company
(SRI) - The N Block, an offshore exploration project in Kazakhstan’s Caspian Sea, may hold 1.5 billion to 3 billion barrels of crude oil, Mubadala Development Co., one of the companies developing the project, said on Tuesday.
