JSC "KTZ" has announced the placement of $1 billion in bonds with debt of nearly 3 trillion tenge
The national company KTZ has announced the placement of bonds worth $1 billion in two tranches with maturities of up to 5 and 10 years. The funds will be directed towards investment projects, including the purchase of locomotives from Wabtec. The placement will take place on international markets, as well as on the KASE and AIX exchanges. In light of the deal, the company’s debt burden has risen to nearly 3 trillion tenge, although KTZ states that it maintains financial stability and the ability to service its obligations.
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