Kazakhstan's Bank RBK places no bonds at Thursday trading session

By Marisa Wong

Madison, Wis., May 30 - JSC Bank RBK held a special trading session on the Kazakhstan Stock Exchange to place KZT 4.5 billion of 8% three-year bonds. No bonds were placed at the trading session held on Thursday due to an absence of orders.

JSC Centras Securities acted as seller at the special trading session.

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 previously planned to place the full KZT 7 billion at a special trading session on May 16 but sold only KZT 2.5 billion of the bonds. A second session was held on May 21 to offer the remaining KZT 4.5 billion, but no orders were placed at that session.

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