By Christine Van Dusen
Atlanta, Nov. 5 - Kazakhstan's Zhaikmunai LP priced $560 million notes due in 2019 with a 7 1/8% coupon, according to a company news release.
Bank of America Merrill Lynch, Citigroup and VTB Capital were the bookrunners for the Rule 144A and Regulation S deal.
The notes are non-callable for four years.
Proceeds from the deal will be used to refinance existing debt, to lengthen the company's debt maturity profile, to reduce the interest rate on the group's long-term debt and for general corporate purposes.
Zhaikmunai is an oil and gas exploration and production company with interests in northwestern Kazakhstan.
| Issuer: | Zhaikmunai LP
|
| Amount: | $560 million
|
| Maturity: | 2019
|
| Description: | Notes
|
| Bookrunners: | Bank of America Merrill Lynch, Citigroup, VTB Capital
|
| Coupon: | 7 1/8%
|
| Call features: | Non-callable for four years
|
| Trade date: | Nov. 5
|
| Settlement date: | Nov. 13
|
| Ratings: | Moody's: B2
|
| Standard & Poor's: B
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 7¼% to 7½%
|
© 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.
