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Published on 8/4/2017 in the Prospect News Emerging Markets Daily.

New Issue: Kazakhstan’s Samuryk-Kazyna sells KZT 25 billion 10½% bonds due 2027

By Marisa Wong

Morgantown, W.Va., Aug. 4 – Samuryk-Kazyna placed KZT 25 billion of 10½% bonds due Aug. 3, 2027 at a special trading session held on Thursday, according to a Kazakhstan Stock Exchange notice.

Exact pricing was not disclosed.

Of the KZT 38.31 billion of orders submitted, 86.1% were from institutional investors, 7.8% from legal entities, 3.4% from brokerage firms, 2.6% from second-tier banks and 0.03% from individuals.

The issuer registered to issue up to KZT 34.5 billion of the bonds in March 2009.

The sovereign wealth fund is based in Astana, Kazakhstan.

Issuer:Samuryk-Kazyna
Issue:Fixed-rate bonds
Amount:KZT 25 billion
Maturity:Aug. 3, 2027
Coupon:10½%
Trade date:Aug. 3

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