Related Issuers
by Chris Reich
Jun 24, 2025 12:58 PM ET
The Republic of Kazakhstan (KAZAKS), rated Baa1 by Moody's, BBB- by S&P and BBB by Fitch (all stable), US$2.5bn 144A/Reg S 2-part sr notes (7y FXD due 7/3/32 and 12y FXD due 7/3/37). Citi (B&D)/JPM/SG as Joint Lead Managers and Joint Bookrunners and Halyk Finance and Teniz Capital as Kazakhstan Lead Managers. Coupon: semi-annual, 30/360. Denoms: 200k x 1k. Pricing 6/24. Settle 7/3.
IPTs: 7y 5.25% area, 12y 5.625% area.
FINAL PRICE GUIDANCE: 7y 5.125% area (+/- 12.5), 12y 5.5% area (+/- 12.5).
LAUNCHED:
$1.35bn 7y at 5%.
$1.15bn 12y at 5.5%.