Kazakhstan's Zhaikmunai gives initial guidance of 7¼%-7½% for dollar seven-year notes

By Christine Van Dusen

Atlanta, Nov. 1 - Kazakhstan's Zhaikmunai LP set initial price talk at 7¼% to 7½% for a planned issue of seven-year dollar-denominated notes, a market source said.

Bank of America Merrill Lynch, Citigroup and VTB Capital are the bookrunners for the Rule 144A and Regulation S deal.

The notes are non-callable for four years.

Zhaikmunai is an oil and gas exploration and production company with interests in northwestern Kazakhstan.

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