By Marisa Wong
Madison, Wis., March 27 - JSC Kaspi Bank said it sold KZT 800 million of inflation-linked bonds due 2021 on the Kazakhstan Stock Exchange on Wednesday, raising KZT 742.8 million.
The cut-off price for the bonds was fixed at 91.6029, corresponding to a yield to maturity of 8%.
Net prices on submitted orders ranged from 72.0554 to 91.6029, and yields ranged from 8% to 12.0013%.
The Almaty, Kazakhstan-based bank registered to issue KZT 10 billion of bonds in June 2011 and had planned to place KZT 4.1 billion at Thursday's session.
| Issuer: | JSC Kaspi Bank
|
| Issue: | Bonds
|
| Amount: | KZT 800 million
|
| Proceeds: | KZT 742,796,533
|
| Maturity: | June 19, 2021
|
| Coupon: | Inflation rate, 11% for current coupon period; payable semiannually
|
| Cut-off price: | 91.6029
|
| Yield: | 8%
|
| Settlement date: | March 27
|
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