Kazakhstan's TemirZholy sets guidance for two-part offering

By Reshmi Basu

New York, April 26 - JSC National Company Kazakhstan TemirZholy set price guidance for its two-part dollar-denominated offering of five-year and 10-year senior notes, according to a market source.

Price guidance for the tranche of five-year notes is mid-swaps plus 125 basis points area or the 6.69% area while the portion of 10-year notes is talked at mid-swaps plus 165 bps area or the 7.23% area.

ABN Amro and Citigroup are managing the deal.

The issuer is a Kazakhstan government-owned railway.

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