Published on 1/20/2011 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.
New Issue: Kazakhstan's Halyk Bank prices $500 million 7¼% notes due 2021 at 98.263 to yield 7½%
By Christine Van Dusen
Atlanta, Jan. 20 - Kazakhstan's JSC Halyk Bank priced $500 million 7¼% notes due Jan. 28, 2021 (Ba3/B+/B+) at 98.263 to yield 7½%, according to a company announcement.
Citigroup, Deutsche Bank and Halyk Finance were the bookrunners for the Rule 144A and Regulation S transaction.
Halyk Bank is a lender based in Almaty, Kazakhstan.
| Issuer: | JSC Halyk Bank
|
| Amount: | $500 million
|
| Maturity: | Jan. 28, 2021
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, Deutsche Bank, Halyk Finance
|
| Coupon: | 7¼%
|
| Price: | 98.263
|
| Yield: | 7½%
|
| Trade date: | Jan. 19
|
| Settlement date: | Jan. 28
|
| Expected ratings: | Moody's: Ba3
|
| Standard & Poor's: B+
|
| Fitch: B+
|
| Distribution: | Rule 144A and Regulation S
|
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