Samruk-Kazyna is planning to raise over $1 billion from local and international markets in 2011, Reuters reports. Kazakhstan’s state holding and investment company will fund a range of financial and industrial projects from the issue.
Samruk-Kazyna will raise about $500 million from international markets. The fund intends to issue $510 million worth of seven-year bonds on the Kazakhstan Stock Exchange. It will also seek an additional $2 billion in Chinese state funding already agreed as part of a $13 billion loan package signed in 2009.
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