KazMunaiGas signs $3bn prepayment deal as it reduces debt pile

Region:

Asia-Pacific

Helen Reid

Reporter

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KazMunaiGas has signed a $3 billion pre-payment facility - a vital win for the Kazakh oil and gas company which was in danger of breaching its existing loan covenants as it recovers from the commodity downturn and the plunge of the tenge, the Kazakh currency.