Kazakhstani railroads may issue $100-150 mln eurobonds

/IRBIS, May 16, 00/ - REUTERS informs, with the reference to the head of republican state enterprise "Kazakhstan temir joly" (Railroads), that Kazakhstani railroads may borrow $100-150 mln on international capital markets, though the terms are not clear yet. Ablai Myrzakhmetov said they have formed a special department and that they would easily get into markets with $100-150 mln eurobonds. He says that on June 10 of current year the auditing of Ernst & Young will end and that the company had no credit ratings yet. The head of the company said the timing of the eurobonds would depend on the decision of the Ministry of finance of Kazakhstan. Now the ministry is still considering proposed issue, he added. Also, Halyk bank, Kazkommertsbank and national oil company Kazakhoil have expressed their intentions to issue eurobonds this year.