By Christine Van Dusen
Atlanta, April 24 - Kazakhstan's KazMunaiGaz National Co. priced a $3 billion two-tranche issue of notes due April 30, 2023 and 2043, a market source said.
The deal included $1 billion 4.4% notes due 2023 that priced at 99.6 to yield 4.45%.
The notes were talked at a yield in the 4.65% area.
The second tranche totaled $2 billion 5¾% notes due 2043 that priced at 99.293 to yield 5.8%. Talk was set in the 6% area.
BofA Merrill Lynch, Barclays, Halyk Finance and Visor Capital were the bookrunners for the Regulation S deal.
KazMunaiGaz is a gas company based in Astana, Kazakhstan.
| Issuer: | KazMunaiGaz National Co.
|
| Amount: | $3 billion
|
| Description: | Notes
|
| Bookrunners: | BofA Merrill Lynch, Barclays, Halyk Finance, Visor Capital
|
| Trade date: | April 24
|
| Settlement date: | April 30
|
| Distribution: | Regulation S
|
|
|
| 10-year notes
|
| Amount: | $1 billion
|
| Maturity: | April 30, 2023
|
| Coupon: | 4.4%
|
| Price: | 99.6
|
| Yield: | 4.45%
|
| Price talk: | 4.65% area
|
|
|
| 30-year bonds
|
| Amount: | $2 billion
|
| Maturity: | April 30, 2043
|
| Coupon: | 5¾%
|
| Price: | 99.293
|
| Yield: | 5.8%
|
| Price talk: | 6% area
|
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