KazakhGold is offering seven years' eurobonds for $200 m. at face value, coupon - 9.375%

/REUTERS, Moscow, October 26, 06/ - KazakhGold had determined the coupon rate of seven years' eurobonds in the size of 9.375 % APR - on the lower limit of the waited range, the volume of issue during offering had exceeded the planned and totaled $200 m., had informed the source on the market, acquainted with the details of the deal. It was expected that bonds would be offered for $150 m. with coupon 9.375- 9.5% APR. The initial reference point totaled 9.75%. KazakhGold is the mother company of Kazakh gold extracting Kazakhaltyn. The spread of yield to bonds of USA treasury with maturity in year 2011 totaled 467 basis points. Bonds are maturing on November 6, 2013, but it Is foreseen the ability of intermediate maturity on November 6, 2010 at the price 104.6875 from face value, November 6, 2011 at the price 102.3438% from face value and November 6, 2012 at face value. The only led-manager and book-runner of the issue is ING bank. Rating from the Fitch agency - "B" forecast stable. [2006-10-27]