By Marisa Wong
Madison, Wis., April 21 – Kazkommertsbank JSC sold an additional KZT 39.65 billion of 8¾% seven-year bonds at a special trading session held on Tuesday, according to a Kazakhstan Stock Exchange announcement.
The company had placed an initial KZT 19.88 billion of the 8¾% bonds on Feb. 12 and an additional KZT 29.65 billion on March 5.
The net price for the latest tranche was 99.9282, corresponding to a yield of 8¾%.
The amount of orders accepted at Tuesday’s trading session represents 94.4% of the issuer’s planned placement of KZT 42 billion of bonds.
The bank is based in Almaty, Kazakhstan.
| Issuer: | Kazkommertsbank JSC
|
| Issue: | Bonds
|
| Amount: | KZT 39,650,950,000
|
| Maturity: | Jan. 14, 2022
|
| Coupon: | 8¾%
|
| Price: | 99.9282
|
| Yield: | 8¾%
|
| Trade date: | April 21
|
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