By Reshmi Basu
New York, April 5 - JSC Kazkommertsbank, via Kazkommerts DPR Co., sold a $500 million offering of notes in three tranches, according to a market source.
The deal was divided into three classes of notes in which each carried a tenor of 10 years.
The issuer sold $150 million of class 2007A notes at par to yield Libor plus 20 basis points. The next tranche included $250 million of class 2007B notes, which priced at par to yield Libor plus 20 bps. And the third tranche was comprised of $100 million of the class 2007C notes, which priced at par to yield Libor plus 16 bps.
Merrill Lynch and WestLB were lead managers for the deal.
Kazkommertsbank is a private bank with headquarters in Almaty, Kazakhstan.
Kazkommerts DPR Co. is a Cayman Islands incorporated vehicle.
| Issuer: | Kazkommerts DPR Co.
|
| Issue: | Three-part notes offering
|
| Total amount: | $500 million
|
| Pricing date: | April 5
|
| Settlement date: | April 12
|
| Lead managers: | Merrill Lynch, WestLB
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
|
|
| Class 2007A notes
|
| Amount: | $250 million
|
| Maturity: | March 15, 2017
|
| Coupon: | Three-month Libor plus 20 bps
|
| Issue price: | Par
|
| Yield: | Three-month Libor plus 20 bps
|
|
|
| Class 2007B notes
|
| Amount: | $100 million
|
| Maturity: | March 15, 2017
|
| Coupon: | Three-month Libor plus 20 bps
|
| Issue price: | Par
|
| Yield: | Three-month Libor plus 20 bps
|
|
|
| Class 2007C notes
|
| Amount: | $150 million
|
| Maturity: | March 15, 2017
|
| Coupon: | Three-month Libor plus 16 bps
|
| Issue price: | Par
|
| Yield: | Three-month Libor plus 16 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
