Tatarstan's NKNK talks $200 million 10-year notes at 8½% area; pricing expected Friday

By Paul A. Harris

St. Louis, Dec. 15 - NKNK Finance plc, a financing subsidiary of Tatarstan rubber and petrochemical producer AOA Nizhnekamskneftekhim, issued guidance in the 8½% area on its $200 million offering of 10-year amortizing notes (B2//B+), according to a market source.

Pricing is expected on Friday.

MDM Bank has the books for the Regulation S transaction.

The notes have an average life of 7.5 years and are putable at par in five years.

Proceeds will be used for general corporate purposes.

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