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Published on 5/4/2011 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Kazakhstan's Kazkommertsbank whispers seven-year notes at 8 5/8%

By Christine Van Dusen

Atlanta, May 4 - Kazakhstan's JSC Kazkommertsbank whispered its planned issue of seven-year notes (B2/B/B-) at 8 5/8%, a market source said.

JPMorgan and UBS are the bookrunners for the Rule 144A and Regulation S deal, which is being marketed on a roadshow that began Monday.

Pricing is expected during the May 2 week.

Kazkommertsbank is an Almaty, Kazakhstan-based lender.


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