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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
Amount:$500 million
Maturity:Nov. 6, 2017
Description:Senior notes
Bookrunners:Eurasian Bank, Renaissance Broker
Coupon:7½%
Price:Par
Yield:7½%
Trade date:Nov. 6
Rating:Standard & Poor’s: B+
Distribution:Regulation S

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