By Christine Van Dusen
Atlanta, May 13 - Kazakhstan's JSC National Atomic Co. (Kazatomprom) priced $500 million 6¼% notes due May 20, 2015 (Baa3//BBB-) at 98.947 to yield 6½%, or Treasuries plus 424 basis points, according to a market source.
The yield was talked at the 7% area.
BNP and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal, which includes a change-of-status put at 101%.
Proceeds will be used for general corporate purposes.
Kazatomprom is a Kazakhstan government-owned nuclear holding company.
| Issuer: | JSC National Atomic Co. (Kazatomprom)
|
| Amount: | $500 million
|
| Maturity: | May 20, 2015
|
| Description: | Notes
|
| Bookrunners: | BNP, JPMorgan
|
| Coupon: | 6¼%
|
| Price: | 98.947
|
| Yield: | 6½%
|
| Spread: | Treasuries plus 424 bps
|
| Change-of-status put: | 101%
|
| Trade date: | May 13
|
| Settlement date: | May 20
|
| Ratings: | Moody's: Baa3
|
| Fitch: BBB-
|
| Distribution: | Rule 144A/Regulation S
|
| Price talk: | 7%
|
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