OREANDA-NEWS. May 18, 2011. Kazkommertsbank completed debut transaction on a post-crisis market of debt capital for placement of Eurobonds for USD 300 million, following a road-show in USA and London, reported the press-centre of KASE.

Eurobonds were issued for 7 years with 8.5 per cent coupon rate and yield equal to 8.625 per cent. Premium for secondary market is equal to 12.5 basis points being one of the lowest premiums on emerging markets for the last time.

Mr. Mokroussov, Managing Director of KKB is quoted as saying, "Reaction for the new issuance has demonstrated high degree of belief and interest of investors to Kazakhstan market".

The amount of Kazakhstan demand satisfied in full, being equal to USD 16.5 million.

JP Morgan and UBS Investment Bank are Arrangers of transaction and Kazkommerts  Securities as Permanent Dealer in Kazakhstan.