Kazakh oil producer Zhaikmunai said Wednesday that it is in talks with lenders about possible waivers on its debt covenants after "various events of default" led to a $100 million credit line being cut off. The company, which did not specify the nature of the defaults, said it aims to refinance debt via a $300 million placement of global depository receipts (GDR), which would also help fund spending plans.
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