Kazakh Sovereign Wealth Fund Units May Borrow 1 Trillion Tenge
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Companies owned by Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, may borrow 1 trillion tenge ($6.6 billion) next year to fund investments and acquisitions.
The companies plan to spend 2 trillion tenge on transactions such as investment projects and stake purchases, Nurlan Rakhmetov, the fund’s managing director, said yesterday in a phone interview from the capital, Astana. Half will come from debt and half from internal cash, he said.