Why KazMunaiGas Unit decided on Bonds

    By Miles Johnson     KazMunaiGas Exploration Production decided to buy $1.5 billion worth of bonds from its parent company to diversify its cash holdings away from the fragile Kazakhstan banking system.     The three-year bonds that the company will purchase from KazMunaiGas will yield 7 per cent a year.     Alexander Gladyshev, managing director of...