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Kazakhstan Temir Zholy sets roadshow for dollar benchmark notes
By Rebecca Melvin
New York, Oct. 27 – JSC NC Kazakhstan Temir Zholy announced a planned dollar-denominated benchmark offering of notes (expected ratings: Baa3//BBB-), and mandated banks JPMorgan, Renaissance Capital, Halyk Finance and MUFG as joint bookrunners to arrange a series of fixed-income investor meetings beginning on Tuesday, according to a market source.
The unsecured bond being distributed under Rule 144A and Regulation S is expected to have a tenor of 10 to 15 years.
The investor meetings will be held in Kazakhstan, Moscow, Europe and the United States and will wrap up on Nov. 7.
The company is a railway transportation company owned by the Republic of Kazakhstan.
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