LONDON, July 14 (IFR) - Kazakhstan has started marketing 10- and 30-year US dollar-denominated benchmark-sized bonds at 300bp area and 350bp area over Treasuries, respectively, according to a source.
Citigroup and JP Morgan are joint bookrunners and joint lead managers on the 144A/Reg S deal. Those banks are joined by joint lead managers Kazkommerts Securities and Halyk Finance.
The transaction is expected to be Tuesday’s business.
Kazakhstan is rated Baa2 by Moody‘s, BBB by Standard & Poor’s and BBB+ by Fitch.
Reporting By Michael Turner