Kazakhstan's KTZ to place $44 million bonds at 5.5% couponKazakhstan's national railway operator, Kazakhstan Temir Zholy (KTZ), will place $44 million in bonds with a 2.7-year maturity and a 5.5% annual coupon, according to the Astana International Exchange (AIX).The bonds, maturing in December 2028, will be placed at 100% of par value with semiannual interest payments.The placement is part of a broader KTZ liquidity management program running through 2050 with a total volume of 2.2 trillion tenge. As previously reported, under this program, KTZ and its subsidiary KTZ Express plan to issue three yuan-denominated bond tranches totaling 1.79 billion yuan.KTZ is a transport and logistics holding company and the operator of Kazakhstan's main railway network. The state-run fund Samruk-Kazyna is its sole shareholder. The railway operator aims to hold an initial public offering later this year to pay down debt. (ICE ALMATY)

Fonte notizia: INTERFAX