By Marisa Wong
Los Angeles, Feb. 28 – Kazakhstan Sustainability Fund placed KZT 14,171,000,000 of 8½% three-year bonds at a special trading session held on Thursday, according to a Kazakhstan Stock Exchange notice.
The bonds were sold at a “clean” price of 94.5957 to yield 10.7%.
The Almaty, Kazakhstan-based lender had registered to issue up to KZT 100 billion of the bonds and planned to sell an initial KZT 26 billion of the bonds at Thursday’s trading session.
JSC Baspana Mortgage Organisation recently merged with and changed its name to Kazakhstan Sustainability Fund.
| Issuer: | Kazakhstan Sustainability Fund (formerly JSC Baspana Mortgage Organisation)
|
| Issue: | Bonds
|
| Amount: | KZT 14,171,000,000
|
| Maturity: | Feb. 27, 2023
|
| Coupon: | 8½%
|
| Price: | 94.5957
|
| Yield: | 10.7%
|
| Trade date: | Feb. 27
|
| Settlement date: | Feb. 27
|
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