By Marisa Wong
Morgantown, W.Va., Sept. 7 – Kazakhstan’s JSC Tsesnabank sold KZT 5 billion of 9% bonds due Dec. 26, 2021 at a special trading session held on Thursday, according to a Kazakhstan Stock Exchange notice.
The bonds were sold at a “clean” price of 91.9764 to yield 12%.
The amount placed represents 100% of the company’s planned issuance.
The Astana, Kazakhstan-based bank had registered to issue KZT 10 billion of the bonds in December 2014.
| Issuer: | JSC Tsesnabank
|
| Issue: | Bonds
|
| Amount: | KZT 5 billion
|
| Maturity: | Dec. 26, 2021
|
| Coupon: | 9%
|
| Price: | 91.9764
|
| Yield: | 12%
|
| Trade date: | Sept. 6
|
| Settlement date: | Sept. 6
|
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