Kazkommertsbank talks sterling-denominated five-year bonds at Gilts plus 225 bps area

By Reshmi Basu

New York, Feb. 1 - Kazkommerts International BV set price talk for a sterling-denominated issue of five-year bonds (Baa1/BB+/BB+) in the area of Gilts plus 225 basis points, according to a market source.

JSC Kazkommertsbank, the largest private bank in Kazakhstan, will guarantee the deal.

ABN Amro, Dresdner Kleinwort and JP Morgan will manage the Regulation S transaction.

A roadshow is scheduled to take place in Frankfurt on Friday.

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