By Marisa Wong
Madison, Wis., July 31 - JSC Kazakhstan Mortgage Co. said it sold KZT 21.61 billion of 6% bonds on the Kazakhstan Stock Exchange on Tuesday.
The yield to maturity for the five-year bonds was 6%.
JSC Halyk Finance acted as the underwriter.
Proceeds will be used to fund the purchase of claim rights on dollar-denominated mortgage loans from second-tier banks.
The lender is based in Almaty, Kazakhstan.
| Issuer: | JSC Kazakhstan Mortgage Co.
|
| Issue: | Bonds
|
| Amount: | KZT 21,614,660,000
|
| Maturity: | July 25, 2018
|
| Coupon: | 6%
|
| Yield: | 6%
|
| Underwriter: | JSC Halyk Finance
|
| Pricing date: | July 30
|
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