By Susanna Moon
Chicago, Aug. 3 - Kazkommertsbank said it placed KZT 2.33 billion nominal value of debt securities.
The notes are due in 2016 with a yield of 8% to maturity.
The notes were issued as part of the first issue of notes under the bank's KZT 35 billion bond program.
Kazkommertsbank said on July 9 that it planned 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 would begin accepting applications for purchase of the bonds beginning on July 9.
The bank is based in Almaty, Kazakhstan.
| Issuer: | Kazkommertsbank
|
| Issue: | Unsecured bonds
|
| Amount: | KZT 2,329,361,000
|
| Maturity: | Six years
|
| Yield: | 8%
|
| Settlement date: | Aug. 3
|
| Rating: | Standard & Poor's: B
|
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