YEREVAN, July 15. / ARKA /Kazakhstan sold a record $4 billion of bonds on Tuesday to finance deficit budget, finance minister Bakhyt Sultanov said, vestifinance.ru reported.

Kazakhstan is the first among developing nations to take advantage of the calming effect of Greece’s deal with creditors and the deal on Iranian nuclear program, he said.

Kazakhstan sold $2.5 billion in 10-year bonds at 285 basis points over Treasuries and $1.5 billion in 30-year notes at 335 basis points over their U.S. equivalent.

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