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. Last Updated: 07/27/2016

Eurobond Delayed




ALMATY, Kazakhstan -- Halyk Savings Bank, Kazakhstan's largest bank, said Tuesday it was delaying its planned Eurobond worth up to $100 million due to the recent financial crisis in neighboring Russia.


"We have postponed the issue for the time being. We have to wait for better market conditions," Halyk chairman Karim Masimov said. "Investors indicated interest [in the paper], but, unfortunately, a crisis has hit Russia's stock market," he said.