By Marisa Wong
Morgantown, W.Va., June 9 – KTZ Finance placed RUB 15 billion of five-year bonds guaranteed by Kazakhstan Temir Zholy on Thursday.
The final benchmark was set at 8¾%, according to a Kazakhstan Stock Exchange announcement.
The coupon was initially talked at 8.85% to 9.15%. With the order book totaling over RUB 27 billion, price talk was reduced to 8¾% to 9%.
The ruble-denominated bonds will be listed on both the KASE and the Moscow Exchange.
This is Kazakhstan’s first issue of bonds in the Russian market and the CIS’ first-ever corporate issue from a foreign issuer in the Russian market, according to Friday’s announcement.
Halyk Finance acted as seller.
Settlement is slated for June 13, as previously noted.
Kazakhstan Temir Zholy is an Astana, Kazakhstan-based railway operator.
| Issuer: | KTZ Finance
|
| Guarantor: | Kazakhstan Temir Zholy
|
| Issue: | Bonds
|
| Amount: | RUB 15 billion
|
| Maturity: | Five years
|
| Coupon: | 8¾%
|
| Seller: | Halyk Finance
|
| Pricing date: | June 8
|
| Settlement date: | June 13
|
| Price talk: | 8¾%-9%, initially 8.85%-9.15%
|
| Listing: | KASE, MOEX
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
