By Reshmi Basu
New York, Nov. 9 - JSC Astana Finance of Kazakhstan sold a $175 million offering of five-year eurobonds (Ba1//BB+) at 99.017 to yield 9¼%, according to a market source.
The deal priced in line with price guidance that was in the 9¼% area.
JP Morgan was 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%.
| Issuer: | JSC Astana Finance of Kazakhstan
|
| Amount: | $175 million
|
| Issue: | Eurobonds
|
| Maturity: | Nov. 16, 2011
|
| Coupon: | 9%
|
| Issue price: | 99.017
|
| Yield: | 9¼%
|
| Pricing date: | Nov. 9
|
| Settlement date: | Nov. 16
|
| Bookrunner: | JP Morgan
|
| Ratings: | Moody's: Ba1
|
| Fitch: BB+
|
| Price guidance: | 9¼% area
|
| Distribution: | Regulation S
|
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