New Issue: Kazakhstan's Nurbank sells KZT 10.83 billion 7% bonds to yield 8%

By Marisa Wong

Madison, Wis., March 28 - JSC Nurbank sold KZT 10.83 billion of 7% bonds due 2016 on the Kazakhstan Stock Exchange on Thursday, raising KZT 10.65 billion.

The cut-off price for the bonds was fixed at 97.1127, which was the net price on submitted orders, corresponding to a yield to maturity of 8%.

The Almaty, Kazakhstan-based bank registered to issue KZT 16 billion of bonds in July 2010 and had planned to place KZT 15.8 billion at Thursday's session.

Issuer:	JSC Nurbank
Issue:	Bonds
Amount:	KZT 10.83 billion
Proceeds:	KZT 10,647,867,077
Maturity:	July 26, 2016
Coupon:	7%, payable semiannually
Cut-off price:	97.1127
Yield:	8%
Trade date:	March 28

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