By Marisa Wong
Madison, Wis., May 16 - JSC Bank RBK sold KZT 2.5 billion of 8% bonds due 2016 on the Kazakhstan Stock Exchange on Thursday, raising KZT 2.5 billion.
The cut-off price for the bonds was fixed at 99.3491, corresponding to a yield to maturity of 8¼%.
Net prices on submitted orders ranged from 99.3491 to 99.9944, and yields ranged from 8% to 8¼%.
The 8% bonds are part of the first issue under the Almaty, Kazakhstan-based bank's first bond program. The bank registered to issue KZT 20 billion of bonds in March and is authorized to issue KZT 7 billion of first-issue bonds. The issuer had planned to place the full KZT 7 billion at Thursday's session.
| Issuer: | JSC Bank RBK
|
| Issue: | Bonds
|
| Amount: | KZT 2.5 billion
|
| Proceeds: | KZT 2,504,411,278
|
| Maturity: | May 2, 2016
|
| Coupon: | 8%, payable semiannually
|
| Cut-off price: | 99.3491
|
| Yield: | 8¼%
|
| Trade date: | May 16
|
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