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Kazakhstan Engineering buys back KZT 2.55 billion 5% bonds at 96.5621
By Marisa Wong
Madison, Wis., Dec. 27 - JSC National Co. Kazakhstan Engineering repurchased KZT 2.55 billion of its 5% bonds due 2015 at a special trading session held on Dec. 27, according to a Kazakhstan Stock Exchange announcement.
The issuer purchased the bonds at a price of 96.5621, corresponding to a yield of 7%, for a total amount of KZT 2.48 billion.
The Astana, Kazakhstan-based company registered to issue KZT 15 billion of the 5% bonds on Nov. 6, 2012 and had previously placed KZT 14.85 billion of the bonds.
Kazakhstan Engineering makes special-purpose products for law enforcement agencies in Kazakhstan as well as oil and gas and rail equipment.
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