Kazatomprom mines demand for peer pricing

Kazakh uranium producer Kazatomprom issued a $500m debut deal flat to a better know peer’s curve this week, underlining how rare borrowers can still get new debt issues away at attractive levels. Leads BNP Paribas and JPMorgan priced the five year bond — likely to be the company’s only offering for at least two years — to yield 6.5%, 424bp over US Treasuries.