By Marisa Wong
Madison, Wis., July 9 – JSC National Managing Holding KazAgro sold KZT 44.92 billion of 8% bonds due 2025 at a special trading session held on Wednesday, according to a Kazakhstan Stock Exchange announcement.
The net price for the bonds was 99.1139, corresponding to a yield of 8.13%.
The company registered to issue KZT 100 billion of the 8% bonds in May. The amount of accepted orders at Wednesday’s trading session represents 75% of the issuer’s planned placement of KZT 60 billion of bonds.
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 44,918,892,000
|
| Maturity: | May 20, 2025
|
| Coupon: | 8%
|
| Price: | 99.1139
|
| Yield: | 8.13%
|
| Trade date: | July 8
|
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