ASTANA Jan 9 Kazakh state railway monopoly
Kazakhstan Temir Zholy (KTZ) expects its net profit to rise to
125.2 billion tenge ($831 million) this year from last year's
estimated 116.7 billion tenge, the company said on Wednesday.
The expected rise is largely due to higher turnover of goods
and planned increases in tariffs, a company spokesman said.
In November, KTZ issued an additional $300 million in
30-year eurobonds to supplement an $800 million issue launched
The heavily oversubscribed paper, maturing on July 10, 2042,
was priced to pay an annual coupon of 5.55 percent, below the
original yield guidance of 5.70 percent.
($1 = 150.70 tenge)
(Reporting by Raushan Nurshayeva; Writing by Dmitry Solovyov;
Editing by Mark Potter)