By Marisa Wong
Morgantown, W.Va., May 3 – Kazakhstan Temir Zholy placed KZT 50 billion of 10-year bonds on April 25, according to a Kazakhstan Stock Exchange notice.
The bonds were sold at par to yield 16.92%.
Halyk Finance was the bookrunner.
This was the largest placement in all of Kazakhstan’s debt capital market so far this year, the company said in a press release on Tuesday.
The issuer is an Astana, Kazakhstan-based railway operator.
| Issuer: | Kazakhstan Temir Zholy
|
| Issue: | Bonds
|
| Amount: | KZT 50 billion
|
| Maturity: | April 25, 2026
|
| Bookrunner: | Halyk Finance
|
| Coupon: | 16.92%
|
| Price: | Par
|
| Yield: | 16.92%
|
| Pricing date: | April 25
|
| Settlement date: | April 25
|
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