Kazakhstan’s Alatau Zharyk buys back KZT 2.54 billion of 8½% bonds

By Marisa Wong

Morgantown, W.Va., Dec. 6 – Alatau Zharyk Co. announced two partial buybacks of its 8½% bonds due Dec. 27, 2017, according to Kazakhstan Stock Exchange notices on Wednesday.

The company repurchased KZT 2 billion of the bonds on Nov. 30 and a further KZT 543,515,000 of the bonds on Dec. 5.

The purchase price for the Nov. 30 buyback was KZT 2,072,250,000, and the purchase price for the Dec. 5 buyback was KZT 563,791,129.03, in both cases including accrued interest.

The electric utility is based in Almaty, Kazakhstan.

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