By Marisa Wong
Madison, Wis., April 23 – JSC Agricultural Credit Corp. placed another KZT 1.98 billion of 8½% bonds due 2023 at a special trading session on Thursday, according to a Kazakhstan Stock Exchange notice.
The bonds were placed at a net price of 97.2129 to yield 9%.
The Astana, Kazakhstan-based company had registered to issue a total of KZT 10 billion of the 8½% bonds in August 2014 and placed an initial KZT 20 million of the bonds on Dec. 30 and a further KZT 8 billion on Feb. 20.
The additional amount placed at Thursday’s trading session represents 100% of the issuer’s planned placement.
| Issuer: | JSC Agricultural Credit Corp.
|
| Issue: | Bonds
|
| Amount: | KZT 1.98 billion
|
| Maturity: | Feb. 20, 2023
|
| Coupon: | 8½%
|
| Price: | 97.2129
|
| Yield: | 9%
|
| Trade date: | April 23
|
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