By Rebecca Melvin
New York, Dec. 8 – JSC Development Bank of Kazakhstan priced KZT 100 billion of 9½% three-year eurobonds to yield 9 5/8%, according to a market source.
The tenge-denominated notes will be settled in U.S. dollars. They had been talked at KZT 30 billion in size and at a term of three to five years.
Citigroup, Halyk Finance and JPMorgan were joint bookrunners of the Regulation S bond offering, which priced followed a Dec. 4 to Dec. 6 roadshow that began in Almaty, Kazakhstan, and traveled to Frankfurt, Zurich and London.
The bank is based in Astana, Kazakhstan.
| Issuer: | JSC Development Bank of Kazakhstan
|
| Description: | Eurobonds
|
| Amount: | KZT 100 billion
|
| Maturity: | Dec. 14, 2020
|
| Bookrunners: | Citigroup, Halyk Finance and JPMorgan
|
| Coupon: | 9½%
|
| Yield: | 9 5/8%
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 14
|
| Distribution: | Regulation S
|
| Price talk: | Launched at 9 5/8%
|
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