The Ministry of Finance of Kazakhstan will borrow $1.9 billion in the open market in June to cover the deficit of the state budget. This is a 53% increase over May when the government issued bonds for $1.2 billion, according to the Association of the Financiers of Kazakhstan (AFK), citing official data published at the Kazakhstan Stock Exchange (KASE).
Most of the offerings in June will include bonds with a maturity of one year, three years, five years and six years for $225 million each. An additional $202 million will be raised with the help of eight-year maturity bonds and...