By Marisa Wong
Madison, Wis., Nov. 25 - JSC Eximbank Kazakhstan said it sold KZT 395 million of 7½% bonds due 2015 at a special trading session on the Kazakhstan Stock Exchange on Monday.
Centras Securities conducted the placement.
The issuer set the cut-off price at 98.4891, for proceeds of KZT 400 million, to yield 8½%.
Active orders were received for KZT 400.5 million of bonds. The net prices on submitted orders ranged from 94.8748 to 98.4891, and yields ranged from 8½% to 11%.
The amount of accepted orders represents 13% of the issuer's planned placement of KZT 3 billion of bonds.
The company registered to issue up to KZT 10 billion of the 7½% bonds in July 2008.
According to previous Kazakhstan Stock Exchange notice, the Almaty, Kazakhstan-based bank held a special trading session last Friday to place KZT 3 billion of the 7½% bonds. No bonds were placed at that trading session due to unfavorable prices.
| Issuer: | JSC Eximbank Kazakhstan
|
| Issue: | Bonds
|
| Amount: | KZT 395,100,000
|
| Proceeds: | KZT 399,995,684
|
| Maturity: | July 13, 2015
|
| Coupon: | 7½%
|
| Price: | 98.4891
|
| Yield: | 8½%
|
| Agent: | Centras Securities
|
| Trade date: | Nov. 25
|
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