New Issue: Kazakhstan Mortgage sells KZT 4.99 billion five-year bonds to yield 8%

By Marisa Wong

Madison, Wis., May 29 - JSC Kazakhstan Mortgage Co. said it sold KZT 4.99 billion of 8% bonds at a special trading session held on the Kazakhstan Stock Exchange, raising KZT 5.06 billion.

The cut-off price for the five-year bonds was 99.9831, corresponding to a yield to maturity of 8%.

Net prices on submitted orders ranged from 95.2445 to 100.1459, and yields ranged from 7.95% to 9½%.

JSC Eurasian Capital and JSC Halyk Finance are the joint underwriters. Eurasian Capital acted as seller at the special trading session on Wednesday.

The lender is based in Almaty, Kazakhstan.

Issuer:	JSC Kazakhstan Mortgage Co.
Issue:	Bonds
Amount:	KZT 4,993,000,000
Proceeds:	KZT 5,055,400,850
Maturity:	Five years
Coupon:	8%, payable semiannually
Cut-off price:	99.9831
Yield:	8%
Underwriters:	JSC Eurasian Capital and JSC Halyk Finance
Pricing date:	May 29

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