New Issue: Kazakhstan's Bank CenterCredit sells $300 million five-year notes to yield 8¼%

By Reshmi Basu

New York, Jan. 27 - Kazakhstan-based Bank CenterCredit International BV priced a $300 million offering of five-year senior unsecured notes (Ba1//BB-) at 99.495 to yield 8¼% on Thursday, according to a market source.

The issue came at the tight end of guidance, which was set at 8¼% to 8 3/8%.

Citigroup and ING were the underwriters for the Regulation S offering.

Issuer:	Bank CenterCredit International BV
Amount:	$300 million
Issue:	Senior unsecured notes
Maturity:	Feb. 2, 2011
Coupon:	8%
Issue price:	99.495
Yield:	8¼%
Spread:	Treasuries plus 369 basis points
Pricing date:	Jan. 26
Settlement date:	Feb. 2
Lead managers:	Citigroup, ING
Ratings:	Moody's: Ba1
	Fitch: BB-
Price guidance:	8¼% to 8 3/8%

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