By Marisa Wong
Madison, Wis., Sept. 27 - JSC Eurasian Bank said it sold KZT 3.99 billion of floating-rate bonds due 2019 at a special trading session on the Kazakhstan Stock Exchange on Friday.
The issuer fixed the cut-off price at 99.9804 to yield 8%. Proceeds totaled KZT 4.07 billion.
Net prices on submitted orders ranged from 97.5939 to 99.9804, and yields ranged from 8% to 8½%.
The bank had intended to offer KZT 3.99 billion of the floating-rate bonds, or 39.9% of the KZT 10 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 3,992,000,000
|
| Proceeds: | KZT 4,069,904,627
|
| Maturity: | Dec. 26, 2019
|
| Coupon: | Floating; 8% for current coupon period
|
| Cut-off price: | 99.9804
|
| Yield: | 8%
|
| Seller: | JSC Eurasian Capital
|
| Settlement date: | Sept. 27
|
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