Published on 11/7/2014 in the Prospect News Emerging Markets Daily.
New Issue: Eurasian Bank prices $500 million 7½% notes due 2017 at par
By Christine Van Dusen
Atlanta, Nov. 7 – Kazakhstan’s JSC Eurasian Bank sold $500 million three-year notes (/B+/) at par to yield 7½% on Thursday, a market source said.
Eurasian Bank and Renaissance Broker were the bookrunners for the Regulation S deal.
The bank is based in Almaty, Kazakhstan.
Issuer: | JSC Eurasian Bank
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Amount: | $500 million
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Maturity: | Nov. 6, 2017
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Description: | Senior notes
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Bookrunners: | Eurasian Bank, Renaissance Broker
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Coupon: | 7½%
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Price: | Par
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Yield: | 7½%
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Trade date: | Nov. 6
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Rating: | Standard & Poor’s: B+
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Distribution: | Regulation S
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