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Published on 7/7/2009 in the Prospect News Emerging Markets Daily.

Kazakhstan's Kazkommertsbank buys back 8% notes for $27 million

By Susanna Moon

Chicago, July 7 - Kazkommertsbank said it repurchased some of its 8% eurobonds due Nov. 3, 2015 for $27 million.

The outstanding balance is now $31,017,000.

The Almaty, Kazakhstan-based bank issued $500 million of the bonds in November 2005.


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