Kazakhstani people will be able to acquire assets of national companies for their pension accumulations - NB

Date: 10:31, 16-04-2014.

Astana. April 16. KazTAG - The Government and the National Bank are considering an option of shares sale of Kazakhstani companies through "the people’s IPO" program for the account of pension accumulations in the Uniform Saving Pension Fund, said Kairat Kelimbetov, chairman of the National Bank.

"The people's IPO program is very interesting for us, it is being actively elaborated by the Government. Hopefully this and next year such companies as KEGOC and Samruk-Energy will be presented at the people's IPO program. People will have a chance to acquire shares through the USPF," he said.

He added the concept of pension assets management does not stipulate direct financing of infrastructural projects through pension accumulations. USPF funds will be placed only through acquisition of public securities or shares within the people's IPO program.

"In addition the President ordered to place 5-10 years deposits in the second tier banks. We are also thinking about foreign tools," he added.

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