New Issue: Kazakhstan Temir Zholy sells $800 million 6.95% notes due 2042 at par

By Christine Van Dusen

Atlanta, July 2 - Kazakhstan Temir Zholy Finance BV priced $800 million 6.95% notes due July 10, 2042 (Baa3/BBB-/BBB-) at par to yield 6.95%, or Treasuries plus 427.5 basis points, a market source said.

Barclays Capital, HSBC and Kazkommerts Securities were the bookrunners for the Rule 144A and Regulation S deal.

Temir Zholy is an Astana, Kazakhstan-based railway operator.

Issuer:	Kazakhstan Temir Zholy Finance BV
Amount:	$800 million
Maturity:	July 10, 2042
Description:	Senior notes
Bookrunners:	Barclays Capital, HSBC, Kazkommerts Securities
Coupon:	6.95%
Price:	Par
Yield:	6.95%
Spread:	Treasuries plus 427.5 bps
Trade date:	July 2
Settlement date:	July 10
Ratings:	Moody's: Baa3
	Standard & Poor's: BBB-
	Fitch: BBB-
Distribution:	Rule 144A and Regulation S

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