By Marisa Wong
Los Angeles, July 18 – European Bank for Reconstruction and Development sold KZT 60 billion of eight-year inflation-linked bonds through subscription on the Kazakhstan Stock Exchange, according to a news release.
The bonds 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
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Issue: | Bonds
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Amount: | KZT 60 billion
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Maturity: | July 18, 2027
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Coupon: | CPI plus 50 bps
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Trade date: | July 18
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Settlement date: | July 18
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