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Kazakh bond return paves way for corporate borrowers

ASTANA -- The return of Kazakhstan to the international bond market after a 14-year absence has stirred investors' appetite for its long-awaited notes and paved the way for a resumption of international issues by local companies.

     "The placement was highly successful," Yerulan Mustafin, senior analyst at investment bank Halyk Finance, told the Nikkei Asian Review. "The Finance Ministry took advantage of the lending environment of low interest rates to fund a budget deficit and to set a benchmark for corporate borrowers."

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