By Marisa Wong
Madison, Wis., Jan. 9 – Development Bank of Kazakhstan placed KZT 20 billion of 8.13% 10-year bonds at a special trading session held on Thursday, according to a Kazakhstan Stock Exchange announcement.
Pricing details were not disclosed in the announcement.
Active orders totaled about KZT 20.01 billion. The amount of orders accepted represents 100% of the issuer’s planned placement.
The issue is part of the Astana, Kazakhstan-based bank’s new KZT 100 billion bond program.
Development Bank of Kazakhstan is a subsidiary of JSC National Holding Baiterek.
| Issuer: | JSC Development Bank of Kazakhstan
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| Issue: | Bonds
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| Amount: | KZT 20 billion
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| Maturity: | 10 years
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| Coupon: | 8.13%
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| Settlement date: | Jan. 8
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