Published on 4/16/2012 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan's KazExportAstyk sells KZT 4.49 billion 8½% bonds due 2016 to yield 10%
By Marisa Wong
Madison, Wis., April 16 - JSC Holding KazExportAstyk said it accepted orders for KZT 4.49 billion of 8½% bonds due July 18, 2016 in a placement on April 13.
The 8½% bonds were issued under KazExportAstyk's third issue of bonds. The company is authorized to issue up to KZT 40 billion of the bonds. The initial settlement date was July 18, 2011.
The bonds priced at 94.8687 to yield 10%, for total proceeds of KZT 4.35 billion.
The amount of accepted orders represents 112.2% of the issuer's planned issuance of KZT 4 billion of bonds.
KazExportAstyk is an agricultural company based in Astana, Kazakhstan.
Issuer: | JSC Holding KazExportAstyk
|
Issue: | Bonds, third issue
|
Amount: | KZT 4,487,990,000
|
Proceeds: | KZT 4,347,769,235
|
Maturity: | July 18, 2016
|
Coupon: | 8½%
|
Price: | 94.8687
|
Yield: | 10%
|
Settlement date: | April 13
|
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