By Sarah Lizee
Olympia, Wash., Oct. 29 – International Finance Corp. has placed KZT 9.5 billion of 9½% two-year international bonds, according to an announcement.
Tengri Partners Investment Banking (Kazakhstan) acted as the seller.
The nominal amount of bonds offered was up to KZT 15 billion. The market order execution rate was 30%.
A total of five limit orders for purchase of bonds in the face value of KZT 9.5 billion were submitted to the trading system.
The yield to maturity in active orders submitted made up 9½%.
The total demand during the subscription reached KZT 9.5 billion, which made up 63.3% of the offering amount.
In the total amount of active orders institutional investors accounted for 15.8%, while other legal entities accounted for 84.2%.
The issuer placed the bonds determining the yield to maturity at 9½%.
Washington, D.C.-based International Finance is a member of the World Bank Group.
| Issuer: | International Finance Corp.
|
| Issue: | International bonds
|
| Amount: | KZT 9.5 billion
|
| Maturity: | Two years
|
| Seller: | Tengri Partners Investment Banking (Kazakhstan)
|
| Coupon: | 9½%
|
| Price: | Par
|
| Yield: | 9½%
|
| Settlement date: | Oct. 28
|
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