By Marisa Wong
Madison, Wis., July 12 - JSC AsiaCredit Bank said it sold KZT 350 million of 8% bonds due 2019 on the Kazakhstan Stock Exchange on Thursday, raising KZT 355.49 million.
The cut-off price for the 8% bonds was fixed at 97.681, corresponding to a yield to maturity of 8½%.
Net prices on submitted orders ranged from 95.4303 to 97.6810, and yields ranged from 8½% to 9%.
The Almaty, Kazakhstan-based bank registered to issue KZT 10 billion of bonds in July 2012 and had planned to place KZT 350 million at Thursday's session.
| Issuer: | JSC AsiaCredit Bank
|
| Issue: | Bonds
|
| Amount: | KZT 350 million
|
| Proceeds: | KZT 355,494,611
|
| Maturity: | July 16, 2019
|
| Coupon: | 8%, payable semiannually
|
| Cut-off price: | 97.681
|
| Yield: | 8½%
|
| Settlement date: | July 11
|
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