By Marisa Wong
Madison, Wis., Sept. 19 – JSC KazAgroFinance sold KZT 14.46 billion of additional 8% bonds due 2023 at a special trading session held on Thursday, according to a Kazakhstan Stock Exchange announcement.
The net price for the bonds was 94.2069, corresponding to a yield of 9%.
The amount of accepted orders represents 100% of the issuer’s planned placement.
The company registered to issue KZT 17 billion of the bonds in July and placed KZT 2.5 billion principal amount on Aug. 19, as previously announced.
KazAgroFinance provides domestic agricultural producers with access to financing. The issuer is based in Astana, Kazakhstan.
| Issuer: | JSC KazAgroFinance
|
| Issue: | Bonds
|
| Amount: | KZT 14,462,500,000
|
| Proceeds: | KZT 13,823,934,024
|
| Maturity: | Jan. 16, 2023
|
| Coupon: | 8%
|
| Price: | 94.2069
|
| Yield: | 9%
|
| Trade date: | Sept. 18
|
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