By Marisa Wong
Los Angeles, Jan. 30 – JSC Baspana Mortgage Organisation sold KZT 6,395,000,000 of additional 8½% bonds due Nov. 15, 2021 at a special trading session held on Thursday, according to a Kazakhstan Stock Exchange notice.
The Almaty, Kazakhstan-based lender had registered to issue KZT 100 billion of the 8½% two-year bonds in November and has since sold, up until the current add-on, KZT 93,605,000,000 of the bonds.
The latest bonds were sold at a weighted average “clean” price of 96.4550, corresponding to a weighted average yield of 10.7335%.
The amount sold on Friday represents 100% of the company’s planned placement.
| Issuer: | JSC Baspana Mortgage Organisation
|
| Issue: | Bonds, add-on
|
| Amount: | KZT 6,395,000,000
|
| Maturity: | Nov. 15, 2021
|
| Coupon: | 8½%
|
| Price: | 96.4550
|
| Yield: | 10.7335%
|
| Trade date: | Jan. 30
|
| Settlement date: | Jan. 30
|
| Total issuance: | KZT 100 billion
|
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