By Marisa Wong
Madison, Wis., Aug. 22 - JSC Eurasian Bank said it sold an additional KZT 2 billion of 8% bonds due 2019 on the Kazakhstan Stock Exchange on Thursday.
The issuer set the cut-off price at 99.9832 to yield 8%. Proceeds totaled KZT 2.02 billion.
Prices on submitted orders ranged from 97.5687 to 99.9832, and yields ranged from 8% to 8½%.
The bank had intended to offer KZT 4 billion of the bonds, or 40% of the KZT 10 billion of authorized fourth-issue bonds under its KZT 100 billion bond program.
The bank recently issued KZT 3 billion of the 8% bonds at 99.9843 to yield 8%.
Eurasian Capital acted as seller at the latest trading session.
The bank is based in Almaty, Kazakhstan.
| Issuer: | JSC Eurasian Bank
|
| Issue: | Bonds
|
| Amount: | KZT 2 billion
|
| Maturity: | Dec. 25, 2019
|
| Coupon: | 8%
|
| Price: | 99.9832
|
| Yield: | 8%
|
| Seller: | Eurasian Capital
|
| Settlement date: | Aug. 22
|
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