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HF Weekly - January 8, 2013

Name: 08/01/2013. Halyk Finance: HF Weekly - January 8, 2013
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

08/01/2013 | Halyk Finance

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Weekly commentary
A deal on \'fiscal cliff\' sent markets higher (December 31-January 4)

Economics
CPI inflation right on the NBK\'s target floor

Banks
Kazkom received approval for creation of two \"bad bank\" SPVs
Almaty Court confirmed completion of BTA restructuring
Fitch upgrades Kaspi to B, withdraws the ratings

Oil and gas
KMG EP completes a buyback program
Max Petroleum discovers oil at Eskene North, closes Sberbank facility
Jupiter Energy receives trial production licenses for the J-51 and J-53 wells
Jupiter Energy secures a $3mn note to finance drilling J-59 well

Metals and mining
Sunkar Resources receives a $3mn loan from AsiaCredit Bank

Global Markets

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