KazAgro places debut USD 1bn Eurobonds.

By bne IntelliNews May 21, 2013

Kazakh state holding KazAgro placed USD 1bn debut Eurobonds. The issue was made in framework of the company’s USD 2bn borrowing programme. The bonds will mature in 2023. Coupon rate was set at 4.625% which is the lowest yield so far among Kazakh issuers of bonds with such maturity. The issue was oversubscribed with book order of USD 3.3bn. The placement was managed by HSBC Bank Plc and J.P. Morgan Chase. Around 35% investors were from Britain, 33% from the USA, 15% from continental Europe and 13% from Kazakhstan.  KazAgro plans to invest proceeds in boosting the efficiency of Kazakh agriculture.

Related Articles

US investor reportedly to replace CEFC in refinery deal with KazMunayGas

A US investor backed by Overseas Private Investment Corporation (OPIC) might replace troubled China Energy Company Limited (CEFC) and take over 51% of KazMunayGas International ... more

ADB sees general Central Asia slowdown in 2018

The Asian Development Bank’s (ADB’s) Asian Development Outlook anticipates a general slowdown across the Central Asian region, with the exceptions of Uzbekistan, where the development bank ... more

Kazakhstan mulls ban on cryptocurrencies

Kazakhstan’s central bank is considering a ban on cryptocurrency use, exchanges, and mining, Daniyar Akishev, the chairman of Kazakhstan’s National Bank, told ... more

Dismiss