KazakhGold Group Ltd offered its international bonds for total of $200 m.

/ИРБИС, Assel Omarova, October 27, 06/ - KazakhGold Group Ltd - the mother company of Mining and Smelting concern Kazakhaltyn JSC (Akmola obl., Stepnogorsk city), of which bonds are traded in Kazakhstan stock exchange's official "A" listing category, offered its unconverted eurobonds for total of $200 m. to be paid off in year 2013. The informative agency Interfax- Kazakhstan with reference to KazakhGold Group Ltd informs in its message. ING Debt Capital Markets acts as the organizer of the deal. Profitability of eurobonds, which were offered at the face value, made 9.375% APR. Bids prevailed over offering by 3.75 times. "Bonds were offered among the investors from 21 countries, including countries of Asian region - 24%, from off-shore zones - 23%, from Great Britain - 21%, Switzerland - 18%, Germany - 5%, from other regions - 9%. Among investors, there were the companies on funds management - 41%, private banks - 37%, financial institutes - 21%", it is said in the message of Interfax-Kazakhstan. Borrowed funds of KazakhGold Group Ltd plans to use for the purpose of its broad-scope program on enlargement of the production, The remaining part will be spent on financing the general corporate needs. [2006-10-27]