New Issue: Kazakhstan Engineering places KZT 4.53 billion 5% bonds due 2015 to yield 7%

By Marisa Wong

Madison, Wis., Dec. 7 - JSC National Co. Kazakhstan Engineering placed KZT 4.53 billion of 5% bonds due 2015 at a special trading session held on Friday, according to a Kazakhstan Stock Exchange announcement.

The issuer set the cut-off price at 94.8035, equal to the net price on submitted orders, corresponding to a yield of 7%. Proceeds totaled KZT 4.32 billion.

JSC Asyl-Invest acted as seller.

The Astana, Kazakhstan-based company registered to issue KZT 15 billion of bonds on Nov. 6 and had planned to place KZT 5 billion at Friday's session.

Kazakhstan Engineering makes special-purpose products for law enforcement agencies in Kazakhstan, as well as oil and gas and rail equipment.

Issuer:	JSC National Co. Kazakhstan Engineering
Issue:	Bonds
Amount:	KZT 4,534,000,000
Proceeds:	KZT 4,317,912,078.89
Maturity:	Nov. 6, 2015
Coupon:	5%, payable semiannually
Price:	94.8035
Yield:	7%
Trade date:	Dec. 7

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