New Issue: VTB Bank’s Kazakhstan unit sells KZT 1.84 billion more 9% bonds

By Marisa Wong

Los Angeles, Dec. 12 – Subsidiary Organization JSC VTB Bank (Kazakhstan) placed KZT 1,837,000,000 of additional 9% bonds due 2021 at a special trading session held on Thursday, according to a Kazakhstan Stock Exchange announcement.

The “clean” price for the bonds was 96.2294, corresponding to a yield of 11˝%.

The amount of orders accepted represents 47% of the issuer’s planned placement of KZT 3,905,696,700 of bonds.

The bank had registered to issue KZT 10 billion of the bonds and previously sold KZT 6,094,303,300 of the bonds.

Based in Astana, Kazakhstan, the issuer is a wholly owned subsidiary of Moscow-based OJSC VTB Bank.

Issuer:	Subsidiary Organization JSC VTB Bank (Kazakhstan)
Issue:	Bonds
Amount:	KZT 1,837,000,000
Maturity:	Aug. 20, 2021
Coupon:	9%
Net price:	96.2294
Yield:	11˝%
Trade date:	Dec. 12
Settlement date:	Dec. 12
Total issuance:	KZT 7,931,303,300, including KZT 5 billion issued on Aug. 20 and KZT 1,094,303,300 issued on Sept. 6

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