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Published on 8/19/2014 in the Prospect News Emerging Markets Daily.

New Issue: Kazakhstan’s Eurasian Development Bank sells KZT 20 billion 7.2% bonds due 2019

By Marisa Wong

Madison, Wis., Aug. 19 – JSC Eurasian Development Bank sold KZT 20 billion of 7.2% five-year bonds at a special trading session held on Monday, according to a Kazakhstan Stock Exchange announcement.

Active orders totaled KZT 25.03 billion, and coupons for those orders ranged from 7.2% to 8%.

The amount of orders accepted represents 100% of the issuer’s planned placement.

Halyk Savings Bank of Kazakhstan acted as seller at the trading session.

The bank is based in Almaty, Kazakhstan.

Issuer:JSC Eurasian Development Bank
Issue:Bonds
Amount:KZT 20 billion
Maturity:Aug. 18, 2019
Coupon:7.2%
Seller:Halyk Savings Bank of Kazakhstan
Settlement date:Aug. 18

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