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Kazakhstan's KazakhGold sets talk for $150 million seven-year notes at 9¾% area
By Reshmi Basu
New York, Oct. 24 - KazakhGold Group Ltd. set price talk for a $150 million offering of seven-year senior fixed-rate notes at a yield in the 9¾% area, according to a market source.
The deal will be non-callable for four years.
Proceeds will be used for capital expenditures and for general corporate purposes.
ING is the lead manager for the Regulation S transaction.
Stepnogorsk, Kazahkstan-based KazakhGold is the holding company of gold miner Kazakhaltyn.
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