By Marisa Wong
Madison, Wis., Oct. 10 - JSC Delta Bank said it sold KZT 5.03 billion of 7½% bonds due 2023 on the Kazakhstan Stock Exchange on Thursday, raising KZT 5 billion.
The 7½% bonds are part of the second issue under Delta Bank's first bond program. The bank registered in December 2011 to issue a total of KZT 50 billion of bonds and was authorized in May to issue KZT 40 billion of the second issue bonds. 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 and, most recently, another KZT 1 billion on Oct. 3.
The cut-off price for the latest bonds was fixed at 96.6721, corresponding to a yield to maturity of 8%.
Net prices on submitted orders ranged from 93.4975 to 96.6721, and yields ranged from 8% to 8½%.
The Almaty, Kazakhstan-based bank had planned to place KZT 31,875,000,000 of the bonds at Thursday's session.
JSC Asyl-Invest acted as the seller at the special trading session.
| Issuer: | JSC Delta Bank
|
| Issue: | Bonds, second issue of first bond program
|
| Amount: | KZT 5,028,000,000
|
| Proceeds: | KZT 4,999,960,688
|
| Maturity: | May 27, 2023
|
| Coupon: | 71/2, payable semiannually
|
| Cut-off price: | 96.6721
|
| Yield: | 8%
|
| Seller: | JSC Asyl-Invest
|
| Settlement date: | Oct. 10
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
