New Issue: Kazakhstan’s Kaspi Bank places KZT 59.35 billion 9.8%, 9.9% bonds

By Marisa Wong

Morgantown, W.Va., Sept. 9 – JSC Kaspi Bank placed a total of KZT 59.35 billion of bonds at two separate trading sessions on Tuesday, according to Kazakhstan Stock Exchange notices.

The bank sold KZT 46.49 billion of 9.8% bonds due 2024 and KZT 12.86 billion of 9.9% bonds due 2025.

The net price for the 9.8% bonds was 99.9795, corresponding to a yield of 9.8%. The net price for the 9.9% bonds was 99.9791, corresponding to a yield of 9.9%.

The Almaty, Kazakhstan-based bank had registered to issue KZT 50 billion of the 9.8% bonds in January 2015 and planned to place all KZT 50 billion at Tuesday’s session. The bank had also registered to issue KZT 50 billion of the 9.9% bonds in January 2015 but planned to place KZT 13 billion at the trading session.

Issuer:	JSC Kaspi Bank
Issue:	Bonds
Trade date:	Sept. 8
Settlement date:	Sept. 8
9.8% bonds
Amount:	KZT 46,490,643,300
Maturity:	Jan. 27, 2024
Coupon:	9.8%
Net price:	99.9795
Yield:	9.8%
9.9% bonds
Amount:	KZT 12,857,716,500
Maturity:	Jan. 27, 2025
Coupon:	9.9%
Net price:	99.9791
Yield:	9.9%

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