Published on 2/13/2015 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan’s Kazkommertsbank sells KZT 19.88 billion 8¾% bonds due 2022
By Marisa Wong
Madison, Wis., Feb. 13 – Kazkommertsbank JSC sold KZT 19.88 billion of 8¾% seven-year bonds at a special trading session held on Thursday, according to a Kazakhstan Stock Exchange announcement.
The net price for the bonds was 99.974, corresponding to a yield of 8¾%.
The amount of orders accepted represents 99% of the issuer’s planned placement of KZT 20.01 billion of bonds.
The bank is based in Almaty, Kazakhstan.
| Issuer: | Kazkommertsbank JSC
|
| Issue: | Bonds
|
| Amount: | KZT 19,879,941,000
|
| Maturity: | Jan. 14, 2022
|
| Coupon: | 8¾%
|
| Price: | 99.974
|
| Yield: | 8¾%
|
| Trade date: | Feb. 12
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
