By Marisa Wong
Morgantown, W.Va., Oct. 29 – National Co. Food Contract Corp. JSC sold KZT 10 billion of 7½% bonds due 2018 at a special trading session held on Wednesday, according to a Kazakhstan Stock Exchange announcement.
The net price for the bonds was 97.0020, corresponding to a yield of 8.61%.
The amount of orders accepted represents 91% of the issuer’s planned placement of KZT 11 billion of bonds.
The issuer had registered to issue up to KZT 40 billion of the 7½% bonds in December 2011. There is currently KZT 23.29 billion of the bonds outstanding.
The company manages Kazakhstan’s grain resources and is based in Astana.
| Issuer: | National Co. Food Contract Corp. JSC
|
| Issue: | Bonds
|
| Amount: | KZT 10 billion
|
| Maturity: | Dec. 12, 2018
|
| Coupon: | 7½%
|
| Net price: | 97.0020
|
| Yield: | 8.61%
|
| Trade date: | Oct. 28
|
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