Published on 6/25/2013 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan's CenterCredit sells KZT 2.3 billion inflation bonds to yield 7.9979%
By Marisa Wong
Madison, Wis., June 25 - JSC Bank CenterCredit said it sold KZT 2.3 billion of inflation-linked bonds due 2019 on the Kazakhstan Stock Exchange on Tuesday, raising KZT 2.32 billion.
The cut-off price for the bonds was par, corresponding to a yield to maturity of 7.9979%.
Net prices on submitted orders ranged from 95.1901 to 100.1000, and yields ranged from 7.9777% to 9%.
The Almaty, Kazakhstan-based bank registered to issue KZT 12 billion of these inflation-linked bonds in November 2009 under a KZT 100 billion bond program and had planned to place KZT 4 billion at Tuesday's session.
| Issuer: | JSC Bank CenterCredit
|
| Issue: | Bonds
|
| Amount: | KZT 2,302,000,000
|
| Proceeds: | KZT 2,316,325,556
|
| Maturity: | Nov. 27, 2019
|
| Coupon: | Inflation-linked
|
| Net price: | Par
|
| Yield: | 7.9979%
|
| Placement date: | June 25
|
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