Kazakhstan's Bank TuranAlem to start roadshow Thursday for $200 million eurobond

By Paul A. Harris

St. Louis, Jan. 18 - Kazakhstan's TuranAlem Finance BV (Netherlands SPV) will begin a roadshow Thursday in Asia for its $200 million offering of non-callable senior fixed-rate notes (Baa2/BB-), according to an informed source.

The offering will subsequently be presented to investors in the United States on Jan. 24 and 25, in Geneva and Zurich, Switzerland, on Jan. 26, and in London on Jan. 27, and is expected to price shortly thereafter.

The tenor of the notes remains to be determined. However the notes are expected to be printed with a seven-year to 10-year maturity.

ING and JP Morgan are the bookrunners for the Rule 144A/Regulation S offering.

The prospective issuer is Kazakhstan's second-largest bank.

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