By Marisa Wong
Los Angeles, May 27 – Kazakhstan Sustainability Fund placed KZT 3 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 89.6975 to yield 11.35%.
The amount placed represents 100% of the company’s planned issuance.
The Almaty, Kazakhstan-based lender had registered to issue up to KZT 50 billion of the 8˝% five-year bonds and previously sold KZT 11.5 billion of the bonds.
| Issuer: | Kazakhstan Sustainability Fund
|
| Issue: | Bonds
|
| Amount: | KZT 3 billion
|
| Maturity: | April 10, 2025
|
| Coupon: | 8˝%
|
| Price: | 89.6975
|
| Yield: | 11.35%
|
| Trade date: | May 22
|
| Settlement date: | May 22
|
| Total issuance: | KZT 11.5 billion, including KZT 5 billion issued on April 10 and KZT 6.5 billion issued on May 15
|
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