Kazakhstan, Astana, Nov.3 / Trend D. Mukhtarov /
JSC NC "Kazakhstan Railways" made successful additional placement of a 30-year Eurobonds issue in the amount of $300 million on the London and Kazakh stock exchanges, the company said.
The effective rate of attracted funds of the transaction hit 5.55 per cent per annum.
According to the report, the issue caused considerable interest from institutional investors, and the additional placement took place at the lower threshold of the reduced price range.
According to the report, the company was able to set a record low borrowing cost of 30-year bonds for corporate issuers from Eastern Europe and the CIS.
"The final order book is within two billion dollars from more than 100 investors, 40 percent of which accounted for investors from the United States," the report says.