By Marisa Wong
Madison, Wis., Aug. 16 - JSC Eurasian Bank said it sold KZT 3 billion of 8% bonds due 2019 on the Kazakhstan Stock Exchange on Friday.
The issuer set the cut-off price at 99.9843 to yield 8%. Proceeds totaled KZT 3.03 billion.
Prices on submitted orders ranged from 98.5239 to 99.9843, and yields ranged from 8% to 8.3%.
The bank had intended to offer KZT 7 billion of the bonds, or 70% of the KZT 10 billion of authorized fourth-issue bonds under its KZT 100 billion bond program.
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 billion
|
| Proceeds: | KZT 3,032,862,333
|
| Maturity: | Dec. 25, 2019
|
| Coupon: | 8%
|
| Price: | 99.9843
|
| Yield: | 8%
|
| Seller: | Eurasian Capital
|
| Settlement date: | Aug. 16
|
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