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Kazakhstan’s Food Contract places no 7½% bonds at Tuesday session
By Marisa Wong
Madison, Wis., Dec. 23 – JSC National Co. Food Contract Corp. held a special trading session on the Kazakhstan Stock Exchange to place KZT 5 billion of 7½% bonds due Dec. 12, 2018. No bonds were placed at Tuesday’s session due to a lack of orders.
Halyk Finance acted as the seller.
The company registered to issue up to KZT 40 billion of the bonds in December 2011. There is KZT 23.29 billion of the bonds outstanding.
The company manages Kazakhstan’s grain resources and is based in Astana.
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