New Issue: Kazakhstan Sustainability sells KZT 5 billion more 8˝% bonds due 2025

By Marisa Wong

Los Angeles, June 11 – Kazakhstan Sustainability Fund placed KZT 5 billion of additional 8˝% bonds due 2025 at a special trading session held on June 5, according to a Kazakhstan Stock Exchange notice.

The bonds were sold at a weighted average “clean” price of 89.7599, corresponding to a weighted average yield of 11.345%.

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˝% bonds due 2025 and previously sold KZT 14.5 billion of the bonds.

Issuer:	Kazakhstan Sustainability Fund
Issue:	Bonds, add-on
Amount:	KZT 5 billion
Maturity:	April 10, 2025
Coupon:	8˝%
Price:	89.7599
Yield:	11.345%
Trade date:	June 5
Settlement date:	June 5
Total issuance:	KZT 19.5 billion, including KZT 5 billion issued on April 10, KZT 6.5 billion issued on May 15, KZT 3 billion issued on May 22

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