By Marisa Wong
Morgantown, W.Va., June 21 – European Bank for Reconstruction and Development sold KZT 60 billion of seven-year inflation-linked bonds through subscription on the Kazakhstan Stock Exchange, according to a news release.
The bonds (Aaa/AAA/AAA) will bear interest based on the Consumer Price Index plus a spread of 50 basis points.
Tengri Capital MB acted as seller.
The lender is based in London.
Issuer: | European Bank for Reconstruction and Development
|
Issue: | Bonds
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Amount: | KZT 60 billion
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Maturity: | June 21, 2026
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Coupon: | CPI plus 50 bps
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Trade date: | June 19
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Settlement date: | June 21
|
Ratings: | Moody’s: Aaa
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| S&P: AAA
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| Fitch: AAA
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