By Reshmi Basu
New York, Feb. 2 - JSC Kazkommertsbank reopened its 7% bonds due Nov. 3, 2009 (Baa2/BB-/BB) to add $150 million Tuesday, according to a market source.
The retap priced at 981/4.
UBS Investment Bank managed the sale.
On Oct. 22, Kazkommertsbank priced $350 million of fixed-rate notes at 98.967 to yield 7¼%, or 395 basis points over Treasuries.
Kazkommertsbank, based in Almaty, is one of the three largest banks in Kazakhstan.
| Issuer: | JSC Kazkommertsbank
|
| Amount: | $150 million
|
| Total amount: | $500 million
|
| Issue: | Reopening of 7% bonds due 2009
|
| Maturity: | Nov. 3, 2009
|
| Coupon: | 7%
|
| Issue price: | 98¼
|
| Yield: | 7.442%
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb 10
|
| Bookrunner: | UBS Investment Bank
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BB-
|
| Fitch: BB
|
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