By Marisa Wong
Madison, Wis., July 26 - JSC Eurasian Bank said it sold KZT 1.15 billion of floating-rate bonds due 2023 at a special trading session on the Kazakhstan Stock Exchange on Friday.
The issuer fixed the cut-off price 76.8000 to yield 9.2569%. Proceeds totaled KZT 900.02 million.
Net prices on submitted orders ranged from 72.8458 to 76.8000, and yields ranged from 9.2569% to 10%.
The bank had intended to offer KZT 2.7 billion of the floating-rate bonds, or 18% of the KZT 15 billion the company is authorized to issue.
JSC Eurasian Capital acted as seller at the trading session.
The bank is based in Almaty, Kazakhstan.
| Issuer: | JSC Eurasian Bank
|
| Issue: | Bonds
|
| Amount: | KZT 1,148,000,000
|
| Proceeds: | KZT 900,022,433
|
| Maturity: | Oct. 15, 2023
|
| Coupon: | Floating; 5.7% for current coupon period
|
| Price: | 76.8000
|
| Yield: | 9.2569%
|
| Seller: | JSC Eurasian Capital
|
| Settlement date: | July 26
|
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