New Issue: Kazakhstan Sustainability sells KZT 7 billion more 8˝% bonds due 2023

By Marisa Wong

Los Angeles, May 27 – Kazakhstan Sustainability Fund placed KZT 7 billion 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 weighted average “clean” price of 93.4605, corresponding to a weighted average yield of 11.3514%.

The amount sold represents 100% of the company’s planned placement.

The Almaty, Kazakhstan-based lender had registered to issue up to KZT 100 billion of the 8˝% three-year bonds and previously issued KZT 43,628,250,000 of the bonds.

Issuer:	Kazakhstan Sustainability Fund
Issue:	Bonds, add-on
Amount:	KZT 7 billion
Maturity:	Feb. 27, 2023
Coupon:	8˝%
Price:	93.4605
Yield:	11.3514%
Trade date:	May 22
Settlement date:	May 22
Total issuance:	KZT 50,628,250,000, 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, KZT 2 billion issued on April 24 and KZT 6,630,500,000 issued on May 15

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