By Reshmi Basu
New York, Nov. 15 - Alliance Bank JSC Kazakhstan, via its financing vehicle ALB Finance BV Netherlands, (Ba2//B+ expected) priced $200 million five-year bonds at 99.017 with a 9% coupon to yield 9¼%, according to a market source.
The issue came down the middle of price guidance. Guidance had been set at 9 1/8% to 9 3/8%.
ABN Amro and Citigroup were the lead managers for the Regulation S transaction.
Alliance Bank is an Almaty, Kazakhstan-based bank.
| Issuer: | ALB Finance BV Netherlands
|
| Borrower: | Alliance Bank JSC Kazakhstan
|
| Amount: | $200 million
|
| Maturity: | Nov. 22, 2010
|
| Issue: | Senior unsecured bonds
|
| Coupon: | 9%
|
| Issue price: | 99.017
|
| Yield: | 9¼%
|
| Spread: | Treasuries plus 473 basis points
|
| Pricing date: | Nov. 15
|
| Settlement date: | Nov. 22
|
| Lead managers: | ABN Amro, Citigroup
|
| Ratings: | Moody's: Ba2
|
| Fitch: B+
|
| Price guidance: | 9 1/8% to 9 3/8%
|
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