Published on 2/7/2013 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Development Bank of Kazakhstan sells $425 million 4 1/8% notes due 2022 at 99.396
By Christine Van Dusen
Atlanta, Feb. 7 - Development Bank of Kazakhstan priced $425 million 4 1/8% notes due Dec. 10, 2022 (Baa3/BBB+/BBB) at 99.396 to yield Treasuries plus 222.5 basis points, a market source said.
JPMorgan, VTB Capital and Halyk Finance were the bookrunners for the Rule 144A and Regulation S deal.
The lender is based in Astana, Kazakhstan.
Issuer: | Development Bank of Kazakhstan
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Amount: | $425 million
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Maturity: | Dec. 10, 2022
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Description: | Notes
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Bookrunners: | JPMorgan, VTB Capital, Halyk Finance
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Coupon: | 4 1/8%
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Price: | 99.396
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Spread: | Treasuries plus 222.50 bps
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Trade date: | Feb. 7
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Settlement date: | Feb. 10
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Ratings: | Moody's: Baa3
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| Standard & Poor's: BBB+
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| Fitch: BBB
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Distribution: | Rule 144A and Regulation S
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