By Paul A. Harris
St. Louis, April 7 - ATF Bank priced a downsized $200 million eight-year eurobond (Ba1/B/B+) at 98.743 with a 9¼% coupon to yield 9½%, or a spread of 524 basis points, according to an informed source.
Price talk was in the 9½% area.
Credit Suisse First Boston ran the books for the Rule 144A/Regulation S issue.
The issue was downsized from $250 million.
The issuer is the fourth-largest private commercial bank in Kazakhstan and is based in Almaty.
| Issuer: | ATF Bank
|
| Amount: | $200 million (decreased from $250 million)
|
| Maturity: | April 12, 2012
|
| Security description: | Eurobonds
|
| Bookrunner: | Credit Suisse First Boston
|
| Coupon: | 9¼%
|
| Price: | 98.743
|
| Yield: | 9½%
|
| Spread: | 524 basis points
|
| Trade date: | April 6
|
| Settlement date: | April 12
|
| Ratings: | Moody's: Ba1
|
| Standard & Poor's: B
|
| Fitch: B+
|
| Price talk: | 9½% area
|
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