KE pays price for small sized $200m debut

Kazakhstan Engineering (KE) on Thursday morning opened books on its first ever bond deal. The deal was capped at $200m and the starting point offered a premium over sister company Sambruk Energy, which was necessary to compensate investors for the small size, said bankers away from the deal.

  • By Steven Gilmore
  • 22 Nov 2013

Leads Halyk Bank, UBS and VTB Capital approached investors with price guidance in the 4.5%-4.875% yield area guidance for the three year deal. By 5pm UK time the order book was fully covered and the leads planned to close the books at 9:30am today (Friday).

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