Kazakhstan’s State Oil Firm Eyes Yuan Bonds as It Defies OPEC+ Cuts

Kazakhstan’s national oil and gas company KazMunayGas is looking to borrow cheaper funds from overseas debt issues, including bonds denominated in Chinese yuan, the firm’s chief executive Askhat Khassenov told Bloomberg. “We looked at all options. Currently there is a possibility to sell dim sum, panda bonds,” Khassenov said in an interview with Bloomberg published on Wednesday. KazMunayGas is also exploring opportunities to issue debt in Arab countries, as the company seeks cheaper borrowing terms, the executive added.…