Kazakhstan’s state-owned KazMunayGas announced an early redemption of $1
billion in 6% bonds in April and redemptions of $1.6 billion in eurobonds and paydown of
$400 million in long-term debt to Russia’s Sberbank. During 2018 it issued $3.25 billion
in eurobonds and partially restructured and extended the maturity of its debt. It
ended 2018 with over $5 billion in cash and equivalents, its smallest year-end
total in three years, and increased
its net debt 61% to $5.8 billion.
KazMunayGas also said......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.