By Marisa Wong
Los Angeles, May 18 – Kazakhstan Sustainability Fund placed KZT 6.5 billion of additional 8˝% bonds due 2025 at a special trading session held on Friday, according to a Kazakhstan Stock Exchange notice.
The bonds were sold at a “clean” price of 89.5056 to yield 11.4%.
The amount placed represents 130% of the company’s planned issuance of KZT 5 billion of bonds.
The Almaty, Kazakhstan-based lender had registered to issue up to KZT 50 billion of the 8˝% five-year bonds and previously placed KZT 5 billion.
| Issuer: | Kazakhstan Sustainability Fund (formerly JSC Baspana Mortgage Organisation)
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| Issue: | Bonds
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| Amount: | KZT 6.5 billion
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| Maturity: | April 10, 2025
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| Coupon: | 8˝%
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| Price: | 89.5056
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| Yield: | 11.4%
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| Trade date: | May 15
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| Settlement date: | May 15
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| Total issuance: | KZT 11.5 billion, including KZT 5 billion issued on April 10
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