By Jennifer Chiou
New York, Dec. 21 - Kazakhstan's NC KazMunayGaz priced KZT 100 billion of seven-year unsecured discount bonds at 62.60355.
The bonds have a yield to maturity of 7%.
The company accepted orders between Nov. 26 and Dec. 2 and received orders totaling in excess of the issue amount. Settlement took place on Dec. 7.
The underwriters were Halyk Finance (Almaty) and Visor Capital (Almaty).
Fitch Ratings assigned a BBB rating to the bonds.
KazMunayGaz is Kazakhstan's state-owned oil and gas company.
| Issuer: | NC KazMunayGaz
|
| Issue: | Unsecured discount bonds
|
| Amount: | KZT 100 billion
|
| Maturity: | 2017
|
| Price: | 62.60355
|
| Yield: | 7%
|
| Underwriters: | Halyk Finance (Almaty) and Visor Capital (Almaty)
|
| Trade date: | Nov. 26
|
| Settlement date: | Dec. 7
|
| Rating: | Fitch: BBB
|
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