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Mandated lead arranger Citigroup has invited a limited number of banks to join the syndication of the US$100mn three year pre-export financing for Kazakh copper producer Kazakhmys.

Banks have been offered three commitment levels: lead arrangers with takes of US$25mn for final holds of US$20mn for fees of 85bp; arrangers taking US$15mn for 65bp; and lead managers with US$10mn for 50bp. The margin is 275bp.