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Published on 6/6/2017 in the Prospect News Emerging Markets Daily.

New Issue: Eximbank Kazakhstan sells KZT 12.99 billion 12½% five-year bonds

By Marisa Wong

Morgantown, W.Va., June 6 – Eximbank Kazakhstan placed KZT 12.99 billion of 12½% five-year bonds on Monday, according to a Kazakhstan Stock Exchange announcement.

The bonds were sold at a clean price of 99.9969 to yield 12½%.

The Almaty, Kazakhstan-based bank had planned to place KZT 13 billion of the bonds at Monday’s session.

Issuer:Eximbank Kazakhstan
Issue:Bonds
Amount:KZT 12,986,874,500
Maturity:June 2, 2022
Coupon:12½%
Price:99.9969
Yield:12½%
Trade date:June 5

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