By Reshmi Basu
New York, Oct. 11- Bank Caspian priced a $150 million debut offering of three-year bonds (Ba2//B+ expected) at 99.672 to yield 8%, according to a market source.
The deal priced at the wide end of price guidance for a yield of 7¾% to 8%.
Citigroup was the lead manager for the Regulation S transaction.
The issuer is a commercial bank based in Almaty, Kazakhstan.
Issuer: JSC Bank Caspian
Amount: $150 million
Issue: Senior unsecured bonds
| Maturity: | Oct. 17, 2008
|
| Coupon: | 7 7/8%
|
| Issue price: | 99.672
|
| Yield: | 8%
|
| Pricing date: | Oct. 11
|
| Settlement date: | Oct. 17
|
| Bookrunner: | Citigroup
|
| Ratings: | Moody's: Ba2
|
| Fitch: B+ (expected)
|
|
|
© 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.
