Kazakhstan Engineering guides to high 4s for debut
Leads Halyk Bank, UBS and VTB Capital have released guidance on a debut dollar deal from machinery maker Kazakhstan Engineering (KE).
The state-owned borrower, rated Ba2/BBB-, is looking for $200m of three-year funding and guidance has been set at 4.5-4.875%, according to bankers away from the deal.
That equates a spread of up to 400bp over mid-swaps, one added, much wider than the 250bp level at which parent company ...Already a subscriber? Login