Kazakhstan Sells First Overseas Dollar Bonds in 14 Years
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Kazakhstan issued $2.5 billion of 10-and 30-year bonds yesterday in what was the nation’s first dollar-denominated overseas sale since 2000.
Kazakhstan sold $1.5 billion of 10-year dollar bonds to yield 1.5 percentage points above midswaps and $1 billion of 30-year debt at 2 percentage points over midswaps, according to Bloomberg data. The central Asian nation drew bids for $11 billion, according to a person familiar with the matter who asked not to be identified because he’s not authorized to speak publicly.