Kazakhstan Offers $4 Billion Record Bond Sale on Greek Deal
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Kazakhstan is selling a record $4 billion of bonds on Tuesday, the first among developing nations to take advantage of the calming effect of Greece’s deal with creditors.
The central Asian country is selling $2.5 billion in 10-year bonds at 285 basis points over Treasuries and $1.5 billion in 30-year notes at 335 basis points over their U.S. equivalent, according to a person familiar with the matter who asked not to be identified because the information is private.