Kazakhstan's Tsesnabank places none of three issues at trading session

By Marisa Wong

Madison, Wis., June 26 - JSC Tsesnabank held a special trading session on the Kazakhstan Stock Exchange to place three issues of bonds. No bonds were placed at the trading session held on Wednesday due to an absence of orders, according to a notice.

All three series are part of the bank's third bond program, registered on Aug. 10, 2011 to the total amount of KZT 100 billion. The three series were offered alongside four other series from the third bond program at a trading session held on June 18. None of the three series offered on Wednesday were placed in the previous session.

The Astana, Kazakhstan-based bank had planned to sell in the latest session

• KZT 5 billion of 9% subordinated bonds due 2033, representing the entire volume of registered 17th issue bonds;

• KZT 5 billion of 8% bonds due 2018, or 50% of the KZT 10 billion registered 19th issue bonds; and

• KZT 5 billion of inflation-linked bonds due 2023, or 50% of the KZT 10 billion registered 20th issue bonds.

Tsesna Capital was the seller at the special trades.

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