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Development Bank of Kazakhstan gives initial guidance for minimum $569 million 10-year notes
By Christine Van Dusen
Atlanta, Nov. 26 - JSC Development Bank of Kazakhstan set price talk at the high-200 basis points over mid-swaps area for a planned offering of 10-year notes (Baa3/BBB+/BBB) that will total at least $569 million, a market source said.
JPMorgan, VTB Capital and Halyk Finance are the bookrunners for the Rule 144A and Regulation S deal.
The completion of the deal is subject to the conclusion of a concurrent third-party tender offer for some of the bank's existing notes.
Development Bank of Kazakhstan is based in Astana.
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