/KASE, October 15, 14/ – The Government of the Republic of Kazakhstan
represented by the Ministry of Finance of the Republic of Kazakhstan placed 10-
year Eurobonds to the amount of USD1.5 bn and 30-year Eurobond to the amount of
one billion dollars. Below are main parameters of the new issues:
---------------------------------------------------------------
ISIN (Reg S) XS1120709669 XS1120709826
ISIN (144 A) US486661AE13 US486661AF87
Issue currency USD USD
Rating Moody's: Baa2; S&P: BBB+; Fitch: BBB+
Issue volume, mln pieces 1,500.00 1,000.00
Circulation start date October 14, 2014 October 14, 2014
Circulation term 10 years 30 years
Maturity date October 14, 2024 October 14, 2044
Coupon type semi-annual fixed
Coupon rate, % p.a. 3.875 4.875
Coupon payment April 14 and October 14 annually
Time base 30/360
Issue underwriters Citi (B&D), HSBC, J.P. Morgan
Offering price, % 98.3870 96.324
Yield to maturity, % p.a. 4.073 5.116
---------------------------------------------------------------
According to the information from the Ministry of Finance of the Republic of
Kazakhstan published on website
http://www.minfin.gov.kz/
quote
....The raised funds will be spent on financing the deficit of the republican
budget. The issue transaction was made under the Mid-term notes program of
September 24, 2014 to the amount of USD10 bn. The offering was preceded by
a road-show of the team of representatives of the Ministries of Finance and
National Economy and National Bank of the Republic of Kazakhstan in London,
New York, Boston, San-Francisco and Los-Angeles from September 29 to October 3
of this year. Around 30 meetings with more than 70 companies were conducted.
Kazakhstan was absent from foreign capital markets for 14 years, which actually
equates the issue to a debut. The debut issue will set a price benchmark in
future for local corporate issuers.
unquote
[2014-10-15]