By Marisa Wong
Madison, Wis., Jan. 31 - JSC AsiaCredit Bank said it sold KZT 800 million of 8% bonds due 2020 on the Kazakhstan Stock Exchange on Friday, raising KZT 801.14 million.
The net price for the 8% bonds was 97.4762, corresponding to a yield to maturity of 8½%.
Active orders were received for KZT 803.1 million. Net prices on submitted orders ranged from 95.0476 to 97.4762, and yields ranged from 8½% to 9%.
The Almaty, Kazakhstan-based bank registered to issue KZT 10 billion of the bonds in September and had planned to place KZT 1 billion at Thursday's session. The bank has already placed a total of KZT 5.33 billion of the bonds.
| Issuer: | JSC AsiaCredit Bank
|
| Issue: | Bonds
|
| Amount: | KZT 800 million
|
| Proceeds: | KZT 801,142,933
|
| Maturity: | Sept. 30, 2020
|
| Coupon: | 8%, payable semiannually
|
| Net price: | 97.4762
|
| Yield: | 8½%
|
| Trade date: | Jan. 31
|
| Settlement date: | Jan. 31
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
