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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.