Kazakh Developer BI Group Weighs Eurobond Sale for Growth

BI Group, one of Kazakhstan’s largest property developers, is considering a debut eurobond along with local debt sales this year as it seeks to expand business at home and abroad.

“We are considering raising up to $500 million on local and international markets this year,” Aidyn Rakhimbayev, a co-founder and board chairman, said in an interview in the capital, Astana. The timing of any eurobond sale will depend on market conditions, he said.