By Susanna Moon
Chicago, July 9 - Kazkommertsbank said it plans to place KZT 35 billion of six-year 9% unsecured bonds (B//).
The bank said the management board decided on the placement of the first issue of coupon bonds under its second bond program on July 7.
Kazkommertsbank said it will begin accepting applications for purchase of the bonds beginning Friday.
The bank is based in Almaty, Kazakhstan.
| Issuer: | Kazkommertsbank
|
| Issue: | Unsecured bonds
|
| Amount: | KZT 35 billion
|
| Maturity: | Six years
|
| Coupon: | 9%
|
| Announcement date: | July 9
|
| Ratings: | Standard & Poor's: B
|
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