By Reshmi Basu
New York, April 21 - Nurbank OJSC priced $125 million of three-year bonds (Ba3/B-) at 99.678 with a 9% coupon to yield 9 1/8%, according to a market source.
The deal came in line with price guidance in the 9 1/8% area.
Dresdner Kleinwort Wasserstein and ING were the joint bookrunners for the Regulation S offering.
Nurbank is based in Almaty, Kazakhstan.
| Issuer: | Nurbank OJSC
|
| Amount: | $125 million
|
| Maturity: | April 28, 2008
|
| Issue: | Senior notes
|
| Coupon: | 9%
|
| Issue price: | 99.678
|
| Yield: | 9 1/8%
|
| Spread: | Treasuries plus 544 basis points
|
| Pricing date: | April 21
|
| Settlement date: | April 28
|
| Joint bookrunners: | Dresdner Kleinwort Wasserstein, ING
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: B-
|
| Price guidance: | 9 1/8% area
|
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