New Issue: Kazakhstan Sustainability sells KZT 6.63 billion more 8˝% bonds due 2023

By Marisa Wong

Los Angeles, May 18 – Kazakhstan Sustainability Fund placed KZT 6,630,500,000 of additional 8˝% bonds due 2023 at a special trading session held on Friday, according to a Kazakhstan Stock Exchange notice.

The bonds were sold at a “clean” price of 93.3207 to yield 11.4%.

The amount placed represents 132.6% of the company’s planned issuance of KZT 5 billion of bonds.

The Almaty, Kazakhstan-based lender had registered to issue up to KZT 100 billion of the 8˝% three-year bonds and previously placed KZT 36,997,750,000 of the bonds.

Issuer:	Kazakhstan Sustainability Fund (formerly JSC Baspana Mortgage Organisation)
Issue:	Bonds, add-on
Amount:	KZT 6,630,500,000
Maturity:	Feb. 27, 2023
Coupon:	8˝%
Price:	93.3207
Yield:	11.4%
Trade date:	May 15
Settlement date:	May 15
Total issuance:	KZT 43,628,250,000, including KZT 14,171,000,000 issued on Feb. 27, KZT 6.2 billion issued on March 5, KZT 14,626,750,000 issued on April 10 and KZT 2 billion issue don April 24

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