Kazkommertsbank, Kazakhstan's biggest bank, is eyeing a possible return to the international bond market, underlining how investor sentiment in emerging market debt is improving.

Kazkommerts (KKB) was foiled in its attempts to issue a Eurobond last year. Credit market conditions soured midyear, ruling out a three-year $100m (€105m) deal for which it had mandated ABN Amro and Merrill Lynch.