By Marisa Wong
Morgantown, W.Va., Oct. 17 – JSC Eurasian Bank said it sold KZT 20 billion of 11% two-year bonds at a special trading session on the Kazakhstan Stock Exchange on Wednesday.
The bonds were sold at a “clean” price of 98.2674 to yield 12%.
The amount issued represents 50% of the issuer’s planned placement of KZT 40 billion of bonds.
The bank is based in Almaty, Kazakhstan.
| Issuer: | JSC Eurasian Bank
|
| Issue: | Bonds
|
| Amount: | KZT 20 billion
|
| Maturity: | Two years
|
| Coupon: | 11%
|
| Price: | 98.2674
|
| Yield: | 12%
|
| Trade date: | Oct. 17
|
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