Published on 3/16/2015 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan’s Bank CenterCredit places KZT 6 million 8½% bonds due 2022
By Marisa Wong
Madison, Wis., March 16 – JSC Bank CenterCredit said it placed KZT 6 million of 8½% bonds due 2022 on Monday.
The net price for the bonds was par, for a yield of 8½%.
The Almaty, Kazakhstan-based bank previously registered to issue a total of KZT 35 billion of these 8½% bonds and had planned to place the full KZT 35 billion at Monday’s trading session.
| Issuer: | JSC Bank CenterCredit
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| Issue: | Bonds
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| Amount: | KZT 6 million
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| Maturity: | March 16, 2022
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| Coupon: | 8½%
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| Net price: | Par
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| Yield: | 8½%
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| Placement date: | March 16
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