Nostrum squeezes over the line after issuer produces ‘large carrot’
Kazakhstan’s independent oil and gas company Nostrum navigated a tricky price discovery process to print five year bonds at 8% on Monday after what has been a difficult few months for the company.
The deal has been a long time coming for Nostrum, having first been mooted in March, but patience appears to have been rewarded for both the issuer and the lead managers, after Nostrum completed a successful exchange, while raising a larger than expected $725m five year deal....
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org