By Reshmi Basu
New York, Feb. 8 - Astana Finance BV sold $125 million of three-year dollar-denominated bonds (Ba1//BB+) at 99.41 with a 7 5/8% coupon to yield 7.85%, according to a market source.
The issue priced inside of guidance that was in the 8% area.
JP Morgan was the bookrunner. TuranAlem Securities was the joint lead manager.
Additionally JSC Astana Finance will guarantee the issue.
The issuer is a financial institution with headquarters in Astana, Kazakhstan.
| Issuer: | Astana Finance BV
|
| Amount: | $125 million
|
| Maturity: | Feb. 16, 2009
|
| Coupon: | 7 5/8%
|
| Issue price: | 99.41
|
| Yield: | 7.85%
|
| Spread: | 328 basis points more Treasuries
|
| Pricing date: | Feb. 7
|
| Settlement date: | Feb. 16
|
| Bookrunner: | JP Morgan
|
| Joint lead manager: | TuranAlem Securities
|
| Ratings: | Moody's: Ba1
|
| Fitch: BB-
|
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