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Published on 2/24/2014 in the Prospect News Emerging Markets Daily.

New Issue: Kazakhstan's Home Credit places KZT 3 billion 9½% bonds at 10% yield

By Marisa Wong

Madison, Wis., Feb. 24 - SB JSC Home Credit and Finance Bank said it placed KZT 3 billion of 9½% bonds on Friday.

The five-year bonds were priced to yield 10%.

Halyk Finance was the underwriter.

The Almaty, Kazakhstan-based bank registered to issue KZT 15 billion of the five-year bonds and recently placed KZT 3.77 billion of the bonds at a special trading session on the Kazakhstan Stock Exchange, as previously reported.

Issuer:SB JSC Home Credit and Finance Bank
Issue:Bonds
Amount:KZT 3 billion
Maturity:Feb. 11, 2019
Coupon:9½%, payable semiannually
Yield:10%
Underwriter:Halyk Finance
Pricing date:Feb. 21

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