OREANDA-NEWS. May 23, 2011. Kazkommertsbank completed debut transaction on a post-crisis market of debt capital for placement of Eurobonds for USD 300 million, followed after road-show in USA and London, reported the press-centre of Kazkommertsbank.
 
Eurobonds were issued for 7 years with 8.5 per cent. coupon rate and yield equal to 8.625 per cent. Premium for secondary market is equal to 12.5 basis points being one of the lowest premiums on emerging markets for the last time.
 
Mr. Mokroussov, Managing Director of KKB is quoted as saying, “Reaction for the new issuance has demonstrated high degree of belief and interest of investors to Kazakhstan market”.
 
The amount of Kazakhstan demand satisfied in full, being equal to USD 16.5 million
 
JP Morgan and UBS Investment Bank are Arrangers of transaction and Kazkommerts Securities as Permanent Dealer in Kazakhstan.