New Issue: Kazakhstan’s Alatau Zharyk sells KZT 4.46 billion 15½% five-year bonds

By Marisa Wong

Morgantown, W.Va., Aug. 29 – Alatau Zharyk Co. placed KZT 4.46 billion of 15½% five-year bonds to yield 15.492% at a special trading session on Monday, according to a Kazakhstan Stock Exchange announcement.

The amount placed represents 99.2% of the issuer’s planned placement of KZT 4.5 billion of bonds.

The Almaty, Kazakhstan, electric utility registered to issue KZT 4.53 billion of the 15½% bonds on Aug. 10.

Issuer:	Alatau Zharyk Co.
Issue:	Bonds
Amount:	KZT 4,463,486,000
Maturity:	Aug. 10, 2021
Coupon:	15½%
Yield:	15.492%
Trade date:	Aug. 29

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