By Marisa Wong
Madison, Wis., April 25 - JSC Eurasian Development Bank said it sold KZT 15 billion of five-year bonds on the Kazakhstan Stock Exchange on Thursday.
The bonds are part of the second issue under the bank's first bond program. The bank registered to issue a total of KZT 150 billion of bonds on Dec. 11 and is authorized to issue KZT 40 billion of first issue bonds.
The issuer fixed the cut-off rate for the five-year bonds at 6%.
Submitted orders totaled KZT 41.73 billion, and coupons for those orders ranged from 6% to 8%.
Halyk Finance acted as seller at the trading session.
The bank is based in Almaty, Kazakhstan.
| Issuer: | JSC Eurasian Development
|
| Issue: | Bonds, second issue of first bond program
|
| Amount: | KZT 15 billion
|
| Maturity: | Five years
|
| Yield: | 6%
|
| Seller: | Halyk Finance
|
| Settlement date: | April 25
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
