By Marisa Wong
Madison, Wis., April 24 - JSC Kaspi Bank said it sold KZT 1 billion of 10-year inflation-linked bonds on the Kazakhstan Stock Exchange on Wednesday, raising KZT 933.77 million.
The cut-off price for the bonds was fixed at 91.6538, corresponding to a yield to maturity of 8%.
Net prices on submitted orders ranged from 81.1968 to 91.6538, and yields ranged from 8% to 8.96%.
The Almaty, Kazakhstan-based bank registered to issue KZT 10 billion of bonds in June 2011 and had planned to place KZT 1.1 billion at Wednesday's session.
| Issuer: | JSC Kaspi Bank
|
| Issue: | Bonds
|
| Amount: | KZT 1 billion
|
| Proceeds: | KZT 933,771,333
|
| Maturity: | 10 years
|
| Coupon: | Inflation rate, 6.6% for current coupon period; payable semiannually
|
| Cut-off price: | 91.6538
|
| Yield: | 8%
|
| Settlement date: | April 24
|
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