By Christine Van Dusen
Atlanta, Jan. 25 - Development Bank of Kazakhstan priced a $277 million add-on to its 5½% notes due Dec. 20, 2015 (Baa3/BBB/BBB-) at 102.355 to yield 4.95%, a market source said.
Citigroup, Deutsche Bank and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.
The original issue totaled $500 million and priced Dec. 9 at 99.055 to yield 5.72%.
Development Bank of Kazakhstan is an Astana-based lender.
| Issuer: | Development Bank of Kazakhstan
|
| Amount: | $277 million
|
| Maturity: | Dec. 20, 2015
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Deutsche Bank, JPMorgan
|
| Coupon: | 5½%
|
| Price: | 102.355
|
| Yield: | 4.95%
|
| Trade date: | Jan. 25
|
| Settlement date: | Feb. 1
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB
|
| Fitch: BBB-
|
| Distribution: | Rule 144A/Regulation S
|
| Original issue: | $500 million priced at 99.055 to yield 5.72%
|
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