Published: January 21, 2015
Kazakhstani nuclear company raises US$450mn from international banks.
Kazatomprom, Kazakhstan’s state-owned nuclear power company, has struck a US$450mn loan to refinance its outstanding eurobond.
The company entered the international markets in 2010, issuing a bond for US$500mn. That paper, which priced with a coupon of 6.25%, matures this May.
The new loan has a tenor of 4.5 years and is priced at Libor plus 2%. The lenders were Bank of Tokyo-Mitsubishi, Citi, Deutsche Bank, Mizuho Bank and Sumitomo Mitsui Banking Corporation.