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Kazakhstan's Nurbank sets guidance for $150 million five-year notes at 9¾% area
By Reshmi Basu
New York, Oct. 4 - JSC Nurbank set price guidance for a $150 million offering of five-year fixed-rate notes (Ba3/B issuer's rating) at the 9¾% area, according to a market source.
Proceeds from the sale will be used to fund loans to customers and for general corporate purposes.
HSBC and ING are lead managers for the issue of Regulation S notes, which will be issued via NurFinance BV.
The roadshow ended on Wednesday while pricing is expected to take place on Friday. Nurbank is a mid-tier bank based in Almaty, Kazakhstan.
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