Published on 6/16/2015 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan’s SevKazEnergo sells KZT 2.5 billion 12½% bonds due 2020
By Marisa Wong
Madison, Wis., June 16 – SevKazEnergo JSC sold a total of KZT 2.5 billion of 12½% bonds due 2020 at two special trading sessions held on Monday, according to Kazakhstan Stock Exchange announcements.
The company placed two tranches totaling KZT 1.93 billion and KZT 569.38 million.
The net price for each tranche was 108.9753, corresponding to a yield of 10%.
The company registered to issue KZT 8 billion of the bonds in January 2010. The amount of accepted orders at Monday’s trading sessions represented 100% of the issuer’s planned placement.
SevKazEnergo is an electrical and heating energy company based in Petropavl, Kazakhstan.
Issuer: | SevKazEnergo JSC
|
Issue: | Bonds
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Amount: | KZT 2,502,248,000 (tranches of KZT 1,932,410,000 and KZT 569,383,000)
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Maturity: | Jan. 10, 2020
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Coupon: | 12½%
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Price: | 108.9753
|
Yield: | 10%
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Trade date: | June 15
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