MOSCOW Feb 7 The Development Bank of Kazakhstan
has issued an additional $425 million in 10-year eurobonds as
part of a global bond programme worth up to $2 billion, Andrei
Solovyov, head of debt capital markets at Russia's VTB Capital,
told Reuters on Thursday.
The paper was priced to pay an annual coupon of 4.125
percent annual, Solovyov said. VTB was co-organiser of the
"The issue was more than three times oversubscribed, with
bids totalling $1.3 billion," he said.
The state-run Development Bank of Kazakhstan, wholly owned
by the Central Asian nation's sovereign wealth fund
Samruk-Kazyna, issued a $1 billion eurobond with an
annual coupon of 4.326 percent last November.
The bank, which acts as an investment institution on behalf
of the state, said at the time it planned to use proceeds from
the issue to redeem its outstanding five-year eurobond launched
in December 2010.
(Reporting by Oksana Kobzeva; Writing by Mariya Gordeyeva and
Dmitry Solovyov; Editing by Mark Potter)