Kazakhstan Temir Zholy to begin roadshow for possible ruble bonds

By Marisa Wong

Morgantown, W.Va., May 26 – Kazakhstan Temir Zholy said it is considering an issuance of five-year ruble-denominated bonds, depending on market conditions.

BK Region, Renaissance Capital and Halyk Finance will arrange investor meetings in Russia and Kazakhstan beginning May 29, according to a Kazakhstan Stock Exchange notice.

Kazakhstan Temir Zholy registered the planned issuance with the Central Bank of Russia on Thursday, according to another notice. Subsidiary KTZ Finance LLC will be the issuer, and Kazakhstan Temir Zholy will act as guarantor.

The railway operator is based in Astana, Kazakhstan.

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