Kazakhstan Mortgage buys back KZT 5.36 billion of 6% bonds due 2018

By Marisa Wong

Morgantown, W.Va., Oct. 30 – Kazakhstan Mortgage Co. made a partial buyback of its 6% bonds due 2018 on Oct. 29, according to a Kazakhstan Stock Exchange notice.

The company purchased KZT 5,357,000,000 of the bonds at a net price of 185.0044, or KZT 9,910,685,708.

The company had registered to issue up to KZT 30 billion of the five-year bonds in 2013 and had KZT 10.5 billion of bonds outstanding prior to the latest repurchase. The issuer recently bought back KZT 5.36 billion of the bonds, as previously reported.

The lender is based in Almaty, Kazakhstan.

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