Kazakh oil and gas company considers issuing bonds in yuan.
yesterday, 12:55
759

Journalist
Shostal Oleksandr
yesterday, 12:55
759

The Kazakh state oil company KazMunayGas National is exploring the possibility of issuing bonds denominated in yuan as part of attractive foreign financial support. According to CEO Askhat Hasenov, the company is considering all options, and currently the sale of bonds, converting the proceeds into US dollars, and taking loans from Arab countries are being reviewed. Interest in yuan-denominated bond markets is growing, as evidenced by the plans of companies like Nestle and PSA International, as well as Kyrgyzstan. China's monetary policy easing has made these markets extremely attractive to foreign investors due to low rates.
Read also
- Pensions and Subsidies: The Pension Fund of Ukraine Reported Record Financial Inflows
- The Atlantic: Operation 'Spider' Angers Trump and Casts Doubt on Military Aid to Ukraine
- Cocoa Prices Split Swiss Chocolate Market
- US Ambassador to China reassures American businesses amid trade war
- Vietnam expects a record coffee harvest
- Indonesia considers purchasing Chinese J-10 fighter jets