By Aaron Hochman-Zimmerman
New York, July 17 - KazMunaiGaz Finance Sub BV priced $1.25 billion of five-year six-month senior unsecured global notes (Baa2 / BB+/ BBB-) with an 11¾% coupon at 99.014 to yield 12% late Thursday, according to a market source.
The bonds due Jan. 23, 2015 matched talk for a 12% yield.
Citigroup and JPMorgan acted as bookrunners for the Rule 144A and Regulation S deal.
KazMunaiGaz is an Astana, Kazakhstan-based government run energy firm.
Issuer: KazMunaiGaz Finance Sub BV
Issue: Senior unsecured global notes
| Amount: | $1.25 billion
|
| Maturity: | Jan. 23, 2015
|
| Coupon: | 11¾%
|
| Price: | 99.014
|
| Yield: | 12%
|
| Bookrunners: | Citigroup, JPMorgan
|
| Distribution: | Rule 144A, Regulation S
|
| Pricing date: | July 17
|
| Settlement date: | July 23
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BB+
|
| Fitch: BBB-
|
| Price talk: | 12% yield
|
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