Kazakh Zhaikmunai raises $300 mln via GDR placement
ALMATY, July 29
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)
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
Trending On Reuters
U.S. President Barack Obama watched a dazzling parade of India's military might and cultural diversity on Monday, the second day of a visit trumpeted as a chance to establish a robust strategic partnership between the world's two largest democracies. Full Article | Slideshow