KazCham

Kazakhstan Daily News Roundup – May 6, 2011

HEADLINES:

Kazkommertsbank launches $750-million Eurobond
(SRI) – Kazkommertsbank, Kazakhstan’s largest lender, has opened the order book for a $750-million Eurobond issue with a maturity of up to seven years, its subsidiary and organizer of the issue, Kazkommerts Securities, said on Thursday.

Government to present “people’s IPO” plan by June 1 – PM
(SRI) – Kazakhstan’s government will present a concrete plan for the implementation of the planned “people’s IPO” By June 1, Prime Minister Karim Masimov wrote on his blog on Thursday.

ENERGY:

KazMunaiGas EP approves KZT800 dividend
(Reuters) – KazMunaiGas Exploration Production’s shareholders have approved a dividend of KZT800 per share for 2010, the highest since the oil company was floated in 2006.

BUSINESS AND ECONOMY:

EBRD to invest $1 billion in Kazakhstan in 2011- Finance Minister (SRI)

Air Astana leases three aircraft from ALC (SRI)

Sberbank Kazakhstan triples Q1 income (SRI)

Kazakhstan: Russia pressing for clean-up at China border crossing (EurasiaNet)

Kazakhstan to strengthen economic partnership with EU (Interfax)

Indicators – May 5, 2011 (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/05/06/kazakhstan-daily-news-roundup-may-6-2011/