By Christine Van Dusen
Atlanta, April 15 - Kazakhstan's Eastcomtrans LLP sold $100 million five-year notes (B3//B) at 98.986 to yield 8%, a market source said.
The notes were talked in the low-8% area.
HSBC and BNP Paribas were the bookrunners for the Regulation S deal.
Eastcomtrans is a railway network operator based in Almaty, Kazakhstan.
| Issuer: | Eastcomtrans LLP
|
| Amount: | $100 million
|
| Maturity: | April 22, 2018
|
| Description: | Notes
|
| Bookrunners: | HSBC, BNP Paribas
|
| Coupon: | 7¾%
|
| Price: | 98.986
|
| Yield: | 8%
|
| Trade date: | April 15
|
| Settlement date: | April 22
|
| Ratings: | Moody's: B3
|
| Fitch: B
|
| Distribution: | Regulation S
|
| Price talk: | Low-8% area
|
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