By Christine Van Dusen
Atlanta, Oct. 25 - Kazakhstan's JSC Kaspi Bank priced $200 million 9 7/8% notes due 2018 (B1/BB-/) at 99.684 to yield 10%, a market source said.
The notes were talked at a yield of 9¾% to 10%.
JPMorgan and VTB Capital were the joint bookrunners for the Rule 144A and Regulation S transaction. Resmi FIH JSC was the local arranger.
Kaspi is an Almaty, Kazakhstan-based bank.
| Issuer: | JSC Kaspi Bank
|
| Amount: | $200 million
|
| Maturity: | 2018
|
| Description: | Senior notes
|
| Bookrunners: | JPMorgan, VTB Capital
|
| Coupon: | 9 7/8%
|
| Price: | 99.684
|
| Yield: | 10%
|
| Trade date: | Oct. 24
|
| Expected ratings: | Moody's: B1
|
| Standard & Poor's: BB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 9¾% to 10%
|
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