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Published on 10/18/2013 in the Prospect News Emerging Markets Daily.

Kazakhstan's Delta Bank sells no 7½% bonds due 2023 at Friday auction

By Marisa Wong

Madison, Wis., Oct. 18 - JSC Delta Bank held a special trading session on the Kazakhstan Stock Exchange to place KZT 20 billion of 7½% bonds due May 27, 2023. No bonds were placed at Friday's trading session due to an insufficient number of participants.

The size of the planned placement was 50% of the entire registered amount of 7½% bonds.

The bank is based in Almaty, Kazakhstan.


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