Published on 6/25/2020 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan Sustainability sells KZT 3 billion more 8˝% bonds due 2025
By Marisa Wong
Los Angeles, June 25 – Kazakhstan Sustainability Fund placed KZT 3 billion of additional 8˝% bonds due 2025 at a special trading session held on June 19, according to a Kazakhstan Stock Exchange notice.
The bonds were sold at a weighted average “clean” price of 89.9305, corresponding to a weighted average yield of 11.3089%.
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 19.5 billion of the bonds.
Issuer: | Kazakhstan Sustainability Fund
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Issue: | Bonds, add-on
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Amount: | KZT 3 billion
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Maturity: | April 10, 2025
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Coupon: | 8˝%
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Price: | 89.9305
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Yield: | 11.3089%
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Trade date: | June 19
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Settlement date: | June 19
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Total issuance: | KZT 22.5 billion, including KZT 5 billion issued on April 10, KZT 6.5 billion issued on May 15, KZT 3 billion issued on May 22 and KZT 5 billion issued on June 5
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