VOL. XLIV

No 30

23-July-2001

CASPIAN

KazTransOil Issues $150MnBond For Pipeline Work

Kazakstans state-owned oil transportation companyKazTransOil (KTO) has issued a five-year bond worth $150mn, the proceeds fromwhich will be used to improve Kazakstans crude pipeline system. The bondmatures on 6 July 2006, carries a coupon of 8.50% and a spread of 375 basispoints over US treasuries with a yield of 8.673%. The lead manager is JP Morgan.In early June, KTO received a BB rating from Standard and Poor...