Kazakhstan's Kazkommertsbank $300 million five-year notes talked at 7¼% to 7½%

By Reshmi Basu

New York, Oct. 19 - Kazkommertsbank set price guidance for its $300 million offering of five-year fixed-rate notes (Baa2/BB-/BB) at 7¼% to 7½%, according to a market source.

The deal is expected to price on Friday, a day after the roadshow wraps up in London.

ING and UBS Investment Bank are joint bookrunners for the Rule 144A/Regulation S (registered notes) offering.

The proposed issue is expected to be listed on the Luxembourg Stock Exchange.

Kazkommertsbank, based in Almaty, is one of the three largest banks in Kazakhstan.

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