By Marisa Wong
Madison, Wis., Aug. 15 - JSC Tsesnabank placed KZT 3,446,262,800 of 8% bonds due 2018 at a special trading session held on the Kazakhstan Stock Exchange on Thursday, according to a notice.
The 8% bonds are part of the fourth issue under the Astana, Kazakhstan-based bank's second bond program. The bank registered in December 2006 to issue a total of KZT 20 billion of bonds and was authorized in June 2011 to issue KZT 4.5 billion of the fourth issue bonds.
The cut-off price was fixed at 99.9813, corresponding to a yield to maturity of 8%. Proceeds totaled KZT 3.5 billion.
Net prices on the KZT 3,447,262,800 of total submitted orders ranged from 95.1010 to 99.9813, and yields ranged from 8% to 10%.
The issuer had planned to place KZT 5 billion of the 8% bonds.
According to a separate Kazakhstan Stock Exchange notice, Tsesnabank also planned to place on Thursday three issues of bonds from its third bond program. Results of those special trading sessions have not yet been posted.
| Issuer: | JSC Tsesnabank
|
| Issue: | Bonds
|
| Amount: | KZT 3,446,262,800
|
| Proceeds: | KZT 3,499,992,717
|
| Maturity: | June 30, 2018
|
| Coupon: | 8%, payable semiannually
|
| Cut-off price: | 99.9813
|
| Yield: | 8%
|
| Trade date: | Aug. 15
|
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