New Issue: Kazakhstan Sustainability Fund sells KZT 14.63 billion more 8˝% bonds due 2023

By Marisa Wong

Los Angeles, April 13 – Kazakhstan Sustainability Fund placed KZT 14,626,750,000 of additional 8˝% bonds due 2023 at a special trading session held on Friday, according to a Kazakhstan Stock Exchange notice.

The bonds were sold at a “clean” price of 92.9527 to yield 11.49%.

The amount placed represents 97.5% of the company’s planned issuance of KZT 15 billion of bonds.

The Almaty, Kazakhstan-based lender had registered to issue up to KZT 100 billion of the 8˝% three-year bonds and sold an initial KZT 14,171,000,000 in February and a further KZT 6.2 billion in March.

JSC Baspana Mortgage Organisation recently merged with and changed its name to Kazakhstan Sustainability Fund.

Issuer:	Kazakhstan Sustainability Fund (formerly JSC Baspana Mortgage Organisation)
Issue:	Bonds, add-on
Amount:	KZT 14,626,750,000
Maturity:	Feb. 27, 2023
Coupon:	8˝%
Price:	92.9527
Yield:	11.49%
Trade date:	April 10
Settlement date:	April 10
Total issuance:	KZT 34,997,750,000, including KZT 14,171,000,000 issued on Feb. 27 and KZT 6.2 billion issued on March 5

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