Published on 7/19/2013 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan's Bank CenterCredit sells KZT 240 million bonds to yield 7%
By Marisa Wong
Madison, Wis., July 19 - JSC Bank CenterCredit said it sold KZT 240 million of 8% bonds on the Kazakhstan Stock Exchange on July 16, raising KZT 245.65 million.
The net price for the bonds was 101.2660, corresponding to a yield to maturity of 7%.
The 8% bonds make up the first issue under the Almaty, Kazakhstan-based bank's first bond program. The bank registered in September 2008 to issue a total of KZT 100 billion of bonds and was authorized in November 2009 to issue KZT 8 billion of first-issue bonds due November 2014.
| Issuer: | JSC Bank CenterCredit
|
| Issue: | Bonds
|
| Amount: | KZT 240 million
|
| Proceeds: | KZT 245,651,733
|
| Maturity: | Nov. 26, 2014
|
| Coupon: | 8%, payable semiannually
|
| Net price: | 101.2660
|
| Yield: | 7%
|
| Pricing date: | July 16
|
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