Samruk Energy takes advice to issue benchmark for debut

14 Dec 2012

Samruk Energy printed a $500m five year global debut on Thursday after increasing the deal size in response to investor requests.

The Kazakhstan quasi-sovereign borrower — rated BB+/BBB — had originally approached investors with proposals for a $200m issue during a three-day roadshow in London and Switzerland that wrapped up on December 5.

Syndicate officials confirmed, however, that investor meetings strongly indicated that a smaller deal — sized to ...

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