Published on 8/24/2018 in the Prospect News Emerging Markets Daily.
New Issue: Karaganda, Kazakhstan, sells KZT 2 billion 0.35% bonds due 2020
By Marisa Wong
Morgantown, W.Va., Aug. 24 – The local executive body of the Karaganda Region of Kazakhstan placed KZT 2,001,539,000 of 0.35% debt securities due July 4, 2020 at a special trading session held on Thursday, according to a Kazakhstan Stock Exchange announcement.
The “clean” price for the bonds was par, corresponding to a yield of 0.35%.
The amount issued represents 100% of the issuer’s planned placement.
The issuer had previously registered to issue a total of KZT 2,626,539,000 of the bonds and placed the initial KZT 625 million on July 4.
Issuer: | Karaganda Region
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Issue: | Debt securities
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Amount: | KZT 2,001,539,000
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Maturity: | July 4, 2020
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Coupon: | 0.35%
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Price: | Par
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Yield: | 0.35%
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Trade date: | Aug. 23
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Settlement date: | Aug. 23
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Total issuance: | KZT 2,626,539,000, including KZT 625 million sold on July 4
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