By Marisa Wong
Madison, Wis., Dec. 31 - JSC Eurasian Development Bank said it sold KZT 9.9 billion of five-year bonds on the Kazakhstan Stock Exchange on Dec. 28.
The bonds are part of the first issue under the bank's first bond program. The bank registered to issue a total of KZT 150 billion of bonds on Dec. 11 and is authorized to issue KZT 20 billion of first issue bonds.
The issuer fixed the cut-off rate for the five-year bonds at 6¼%.
Submitted orders totaled KZT 15.5 billion, and coupons for those orders ranged from 6% to 7%.
Halyk Finance acted as seller at the trading session.
The bank is based in Almaty, Kazakhstan.
| Issuer: | JSC Eurasian Development
|
| Issue: | Bonds, first issue of first bond program
|
| Amount: | KZT 9.9 billion
|
| Maturity: | Dec. 28, 2017
|
| Yield: | 6¼%
|
| Seller: | Halyk Finance
|
| Settlement date: | Dec. 28
|
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