New Issue: Kazakhstan's Samruk-Energy places KZT 2.43 billion 6% bonds to yield 7%

By Marisa Wong

Madison, Wis., June 12 - JSC Samruk-Energy placed KZT 2,425,000,000 of 6% bonds due 2015 at a special trading session held on June 12, according to a Kazakhstan Stock Exchange announcement.

The issuer set the cut-off price at 97.8045, corresponding to a yield of 7%. Proceeds totaled KZT 2.38 billion.

The Astana, Kazakhstan-based company registered to issue KZT 3 billion of bonds in November 2012 and had planned to place KZT 2,425,000,000 at Wednesday's session.

Samruk-Energy is owned by the state through utility, rail and postal conglomerate JSC Samruk-Kazyna.

Issuer:	JSC Samruk Energy
Issue:	Bonds
Amount:	KZT 2,425,000,000
Proceeds:	KZT 2,384,533,825
Maturity:	Nov. 12, 2015
Coupon:	6%, payable semiannually
Price:	97.8045
Yield:	7%
Trade date:	June 12

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