By Marisa Wong
Madison, Wis., Nov. 26 - JSC Eximbank Kazakhstan said it sold KZT 1.01 billion of 8% bonds due 2015 at a special trading session on the Kazakhstan Stock Exchange on Nov. 23. Centras Securities conducted the placement.
The issuer set the cut-off price at 96.5513, selling 10,055,000 bonds for proceeds of KZT 999.87 million, to yield 9½%.
Orders were received for 10,085,000 bonds. The net prices on submitted orders ranged from 94.3446, corresponding to a yield of 10½%, to 96.5513, corresponding to a yield of 9½%.
Eximbank had intended to place KZT 4.5 billion of the 8% bonds. The size of the planned offering represented 45% of the total principal amount of bonds the company is authorized to issue. The company registered to issue up to KZT 10 billion of the bonds in July 2008.
According to separate Kazakhstan Stock Exchange notices, the Almaty, Kazakhstan-based bank also held two special trading sessions on Nov. 22 to place KZT 4.5 billion of the 8% bonds. No bonds were placed at either of Thursday's trading sessions due to insufficient orders.
| Issuer: | JSC Eximbank Kazakhstan
|
| Issue: | Bonds
|
| Amount: | KZT 1,005,000,000
|
| Proceeds: | KZT 999,871,099.28
|
| Maturity: | July 13, 2015
|
| Coupon: | 8%
|
| Price: | 96.5513
|
| Yield: | 9½%
|
| Underwriter: | Centras Securities
|
| Trade date: | Nov. 23
|
© 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.
