Spencer House Capital Management, which is run by Lord Rothschild and Richard Horlick, Schroders’ former head of investment, is launching a US$200 million fund investing in Kazakhstan, as well as companies in Kyrgyzstan, Uzbekistan, Turkmenistan, Tajikistan and Russia, the FT reports.
The Asian Development Bank (ADB) is providing a US$100 million credit guarantee to securitize the diversified payment rights of JSC Kazkommertsbank, one of Kazakhstan’s largest commercial banks.
Oxus Gold plc announced Zeromax has subscribed for an additional 16,761,368 new ordinary shares in the Company at a price of 21.5 pence per share. The shares have been issued pursuant to a subscription agreement dated 30 November 2006.
A seminar on the future prospects for the development of the national securities market was held at the Legislative Chamber of Oliy Majlis (parliament) of Uzbekistan, UzA reported.