By Marisa Wong
Madison, Wis., Dec. 13 - Kazakhstan's Subsidiary Bank Sberbank of Russia sold another KZT 17.2 billion of 7½% subordinated bonds due 2020 at a special trading session held on Friday, according to a Kazakhstan Stock Exchange announcement.
The net price for the bonds was 94.9050 to yield 8½%. Proceeds totaled KZT 16.6 billion.
The bank had intended to sell KZT 10 billion of bonds at Friday's session.
On Tuesday the bank held a similar trading session and placed KZT 5.2 billion of the bonds at a net price of 94.9005 to yield 8½%.
The bank registered to issue KZT 30 billion of the 7½% bonds in September.
Based in Almaty, Kazakhstan, the issuer is a wholly owned subsidiary of Moscow's Sberbank.
| Issuer: | Subsidiary Bank Sberbank of Russia
|
| Issue: | Bonds
|
| Amount: | KZT 17.2 billion
|
| Proceeds: | KZT 16,603,160,000
|
| Maturity: | Sept. 25, 2020
|
| Coupon: | 7½%
|
| Price: | 94.9050
|
| Yield: | 8½%
|
| Trade date: | Dec. 13
|
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