By Marisa Wong
Madison, Wis., Feb. 26 – JSC National Managing Holding KazAgro sold KZT 20.06 billion of 8% bonds due 2024 at a special trading session held on Thursday, according to a Kazakhstan Stock Exchange announcement.
The net price for the bonds was 99.1136, corresponding to a yield of 8.13%.
The company registered to issue KZT 30 billion of the 8% bonds in December. The amount of accepted orders at Thursday’s trading session represents 67% of the issuer’s planned placement.
KazAgroFinance provides domestic agricultural producers with access to financing. The issuer is based in Astana, Kazakhstan.
| Issuer: | JSC National Managing Holding KazAgro
|
| Issue: | Bonds
|
| Amount: | KZT 20,057,000,000
|
| Maturity: | Dec. 29, 2024
|
| Coupon: | 8%
|
| Price: | 99.1136
|
| Yield: | 8.13%
|
| Trade date: | Feb. 26
|
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