By Marisa Wong
Madison, Wis., Dec. 27 - JSC Delta Bank said it sold KZT 2 billion of 7½% bonds due 2023 on the Kazakhstan Stock Exchange on Dec. 25, raising KZT 1.95 billion.
The bonds were placed at a price of 96.7208 to yield 8.0007%.
The 7½% bonds are part of the second issue under Delta Bank's KZT 50 billion bond program. The bank registered the program in December 2011 and was authorized in May 2013 to issue KZT 40 billion of the second issue bonds.
The bank said the latest placement brings the total size of the issue to KZT 19.15 billion. The bank sold KZT 5.13 billion of the bonds on July 12, an additional KZT 1 billion of the bonds on Aug. 1, an additional KZT 1 billion on Aug. 13, another KZT 1 billion on Oct. 3, KZT 5.03 billion on Oct. 10 and KZT 4 billion on Nov. 8.
The Almaty, Kazakhstan-based bank also held special trading sessions to place KZT 6 billion more 7½ bonds on Dec. 27 and Dec. 30. No bonds were placed at Friday's trading session due to unfavorable prices, and no bonds were placed at Monday's session due to an insufficient number of participants.
| Issuer: | JSC Delta Bank
|
| Issue: | Bonds, second issue
|
| Amount: | KZT 2 billion
|
| Proceeds: | KZT 1,946,082,667
|
| Maturity: | May 27, 2023
|
| Coupon: | 71/2, payable semiannually
|
| Price: | 96.7208
|
| Yield: | 8.0007%
|
| Settlement date: | Dec. 25
|
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