Kazakhstan's Astana Finance to start a roadshow for dollar-denominated eurobonds Wednesday

By Reshmi Basu

New York, Oct. 30 - JSC Astana Finance of Kazakhstan plans to start a roadshow for a dollar-denominated offering of five-year eurobonds (Ba1//BB+), according to a market source.

The Asian leg of the roadshow will start in Seoul, Korea, on Wednesday, then move to Hong Kong on Thursday and wrap up in Singapore on Friday.

The European leg will kick off in London on Nov. 6, in Copenhagen on Nov. 7 and finish up in Frankfurt and Munich on Nov. 8.

JP Morgan is the bookrunner for the Regulation S transaction.

The issuer is a financial institution with headquarters in Astana, Kazakhstan.

On Feb. 8, Astana Finance sold $125 million of three-year bonds (Ba1//BB+) at 99.41 with a 7 5/8% coupon to yield 7.85%.

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