By Christine Van Dusen
Atlanta, July 14 – Kazakhstan sold a combined $4 billion of notes due in 2025 and 2045 (Baa2/BBB/BBB+) in a Rule 144A and Regulation S deal on Tuesday, a market source said.
Citigroup, JPMorgan, Kazkommerts Securities and Halyk Finance were the bookrunners.
The deal included $2.5 billion of notes due in 2025 that came to the market at Treasuries plus 285 basis points and $1.5 billion of notes due in 2045 that came to the market at Treasuries plus 335 bps.
Other details were not immediately available on Tuesday.
| Issuer: | Kazakhstan
|
| Amount: | $4 billion
|
| Description: | Notes
|
| Bookrunners: | Citigroup, JPMorgan, Kazkommerts Securities, Halyk Finance
|
| Trade date: | July 14
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB
|
| Fitch: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Notes due 2025
|
| Amount: | $2.5 billion
|
| Maturity: | 2025
|
| Spread: | Treasuries plus 285 bps
|
|
|
| Notes due 2045
|
| Amount: | $1.5 billion
|
| Maturity: | 2045
|
| Spread: | Treasuries plus 335 bps
|
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