By Marisa Wong
Milwaukee, Dec. 30 - Kazkommertsbank announced that it conducted a placement of 12½% notes due 2019 on Dec. 28.
Kazkommertsbank issued 10 billion Kazakh tenge of the notes as a third issuance of notes under the bank's 30 billion tenge bond program.
According to a bank news release, there will be multiple placements of the notes over the next 10 years.
The bank is based in Almaty, Kazakhstan.
| Issuer: | Kazkommertsbank
|
| Issue: | Notes
|
| Amount: | 10 billion tenge
|
| Maturity: | 2019
|
| Coupon: | 12½%
|
| Price: | Par
|
| Settlement date: | Dec. 28
|
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