We recommend to BUY KTZ Eurobonds at levels close to or below par, as their yields are higher than interest rates on foreign currency deposits. Despite the significant deterioration of financial indicators in 2015, the 9M2016 results show an improvement of the situation, while the government support remains a key factor that ensures the return of investors' funds.
- Economic analysis and interest rates / Credit and corporate debt markets
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- Other industries / Kazakhstan Temir Zholy
Kazakhstan Temir Zholy - Fixed Income Analysis
— December 02, 2016
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