New Issue: KazAgroFinance places KZT 3.22 billion more 12% bonds due 2024

By Marisa Wong

Los Angeles, July 2 – JSC KazAgroFinance sold KZT 3,224,920,000 of additional 12% bonds due Dec. 24, 2024 at a special trading session held on June 26, according to a Kazakhstan Stock Exchange announcement.

The “dirty” price for the bonds was 96.9729.

The amount sold represents 107.5% of the issuer’s planned placement of KZT 3 billion of bonds.

The company had registered to issue a total of KZT 20 billion of the bonds and previously sold KZT 6,362,023,000 of the bonds.

KazAgroFinance provides domestic agricultural producers with access to financing. The issuer is based in Nur-Sultan, Kazakhstan.

Issuer:	JSC KazAgroFinance
Issue:	Bonds, add-on
Amount:	KZT 3,224,920,000
Maturity:	Dec. 24, 2024
Coupon:	12%
Price:	96.9729
Trade date:	June 26
Total issuance:	KZT 9,586,943,000, including KZT 6,362,023,000 issued on June 17

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.