Kazakhstan's Nurbank to start roadshow for dollar-denominated offering this week

By Reshmi Basu

New York, Sept. 25 - JSC Nurbank, via NurFinance BV, plans to start a roadshow for a dollar-denominated offering of five-year fixed-rate notes (Ba3/B issuer's ratings) on Wednesday in Singapore, according to a market source.

The investor roadshow will then move to Hong Kong on Thursday, to Manila on Friday, to Zurich and Geneva on Oct. 2, to London on Oct. 3 and then wrap up in Frankfurt and Vienna on Oct. 4.

Proceeds will be used to fund loans to customers and for general corporate purposes.

HSBC and ING are bookrunners for the Regulation S transaction.

In April 2005, Nurbank priced a $125 million issue of 9% bonds due April 28, 2008 (Ba3/B-) at 99.678 to yield 9 1/8%. The transaction was led by joint bookrunners Dresdner Kleinwort Wasserstein and ING.

Nurbank is based in Almaty, Kazakhstan.

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