30 Jul 2009 13:43

Kazakhstan's KMG places $1.25 bln in Eurobonds at 11.75%

ALMATY. July 30 (Interfax) - KazMunaiGaz Finance Sub B.V., a SPV company for Kazakh national oil and gas company KazMunayGas (KMG), has placed $1.25 billion worth of Eurobonds at an interest rate of 11.75%, the company said in a statement.

The Eurobonds were issued under KMG Finance Sub B.V.'s global medium-term note program, rated 'BBB-', which was increased to $5 billion from $3 billion in July 2009.

Citi and JP Morgan arranged the placement.

The issue has been assigned the following credit ratings: