By Christine Van Dusen
Atlanta, Nov. 22 - JSC National Co. Kazakhstan Engineering priced its $200 million issue of notes due in 2016 (Ba2//BBB-) with a coupon of 7½%, according to a filing from bookrunner Halyk Finance.
UBS and VTB Capital were also bookrunners for the Regulation S-only deal.
The notes include a change-of-control put at 101 if the government ceases to own 80% of the company, directly or indirectly.
Other details on the pricing were not immediately available on Friday.
Astana-based Kazakhstan Engineering makes special-purpose products for law enforcement agencies in Kazakhstan, as well as oil and gas and rail equipment.
| Issuer: | JSC National Co. Kazakhstan Engineering
|
| Amount: | $200 million
|
| Maturity: | 2016
|
| Description: | Notes
|
| Bookrunners: | Halyk Finance, UBS, VTB Capital
|
| Coupon: | 7½%
|
| Change of control put: | At 101 if the government ceases to own 80% of the company
|
| Trade date: | Nov. 22
|
| Ratings: | Moody's: Ba2
|
| Fitch: BBB-
|
| Distribution: | Regulation S only
|
| Price talk: | 4.55% to 4.6%
|
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