Kazakhstan
Morgan, Lewis & Bockius London partner Carter Brod and Almaty partner Aset Shyngyssov have represented the government of Kazakhstan on a $2.5 billion bond offer under a $10 billion medium-term note program. The resource-rich Central Asian country sold the notes in one $1.5 billion tranche of 10-year bonds and one $1 billion tranche of 30-year debt. The deal was the first dollar-denominated offer from Kazakhstan since 2000. Proceeds will be used for general budgetary purposes, including financing the state budget deficit, according to Bloomberg. White & Case London partner Francis Fitzherbert-Brockholes, Astana partner Pavel Kornilov and New York partner Ray Simon acted for Citigroup Global Markets Ltd., J.P. Morgan Securities Plc. and HSBC Bank Plc. as lead managers. [Read full story]
