By Marisa Wong
Morgantown, W.Va., Oct. 17 – JSC Eurasian Bank said it sold KZT 20 billion of 11% two-year bonds at a special trading session on the Kazakhstan Stock Exchange on Wednesday.
The bonds were sold at a “clean” price of 98.2674 to yield 12%.
The amount issued represents 50% of the issuer’s planned placement of KZT 40 billion of bonds.
The bank is based in Almaty, Kazakhstan.
Issuer: | JSC Eurasian Bank
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Issue: | Bonds
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Amount: | KZT 20 billion
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Maturity: | Two years
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Coupon: | 11%
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Price: | 98.2674
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Yield: | 12%
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Trade date: | Oct. 17
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