Kazakh Zhaikmunai raises $300 mln via GDR placement

ALMATY, July 29 Wed Jul 29, 2009 11:39am IST

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ALMATY, July 29 (Reuters) - London-listed Kazakh oil producer Zhaikmunai ZKMq.L said on Wednesday it had raised $300 million to supplement its debt facilities and finance its capital expenditures.

"Zhaikmunai... announces a placing to raise $300 million through the sale of new common units, a major part of which will be in the form of global depositary receipts," it said in a statement. (Writing by Olzhas Auyezov; Editing by Maria Golovnina)

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