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The bank is offering over 100bp of premium to the Kazakh sovereign
The bank is the largest in the country and a close proxy for investors to the government
Data
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Labelling the use of proceeds offers advantages for some investors while ruling others out
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Unpalatability premium may be an opportunity for other buyers
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Africa-focused payments company issued a profit warning on Tuesday, three months after its London IPO
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The state-owned bank has a bond maturing on Tuesday and two more in the near future
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Lead manager expects pricing in line with other BGK issues
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War in Middle East and volatile rates have made issuing difficult, if not impossible
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