New Issue: Kazakhstan’s Halyk Savings sells KZT 21.13 billion 7½% bonds due 2025 to yield 8.3%

By Marisa Wong

Madison, Wis., Feb. 13 – Halyk Savings Bank of Kazakhstan JSC sold KZT 21.13 billion of 7½% 10-year bonds at a special trading session held on Thursday, according to a Kazakhstan Stock Exchange announcement.

The net price for the bonds was 94.6354, corresponding to a yield of 8.3%.

The amount of orders accepted represents 70% of the issuer’s planned placement of KZT 30 billion of bonds.

The bank is based in Almaty, Kazakhstan.

Issuer:	Halyk Savings Bank of Kazakhstan JSC
Issue:	Bonds
Amount:	KZT 21,133,750,000
Proceeds:	KZT 20,000,008,848
Maturity:	Feb. 12, 2025
Coupon:	7½%
Price:	94.6354
Yield:	8.3%
Trade date:	Feb. 12

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