By Marisa Wong
Los Angeles, May 22 – The local executive body of the Aktobe region of Kazakhstan placed KZT 2 billion of additional 0.35% debt securities due April 2, 2022 at a special trading session held on May 15, according to a Kazakhstan Stock Exchange announcement.
The amount sold represents 100% of the issuer’s planned placement.
Proceeds will be used to fund housing construction as part of state and government programs.
The issuer had registered to issue a total of KZT 7 billion of the bonds and placed an initial KZT 3 billion on April 2.
| Issuer: | Aktobe region
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| Issue: | Debt securities
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| Amount: | KZT 2 billion
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| Maturity: | April 2, 2022
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| Coupon: | 0.35%
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| Trade date: | May 15
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| Settlement date: | May 15
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| Total issuance: | KZT 5 billion, including KZT 3 billion issued on April 2
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