January 11, 2005 |
|Kazakhstan's second largest bank, Turanalem is believed to have given a mandate to issue a seven year Eurobond of approximately $200 million to ING and JP Morgan, a source familiar with the deal said on Tuesday. The bank said in late December that it may borrow up to $3 billion on foreign markets in 2005, the Kazakh Stock Exchange said on Dec. 23. |
No firm date for the issue has been given.
In late December Turanalem's chief executive Yerzhan Tatishev died from a gunshot wound to the head while hunting wolves in southern Kazakhstan. Saduakas Mameshtegi, the deputy CEO was named as his replacement.