By Marisa Wong
Morgantown, W.Va., Sept. 14 – ForteBank priced KZT 22 billion of 4% bonds due Dec. 15, 2024 on Thursday, according to a Kazakhstan Stock Exchange notice.
The bonds were sold at a “dirty” price of par to yield 4%.
As previously announced, the bank’s board of directors approved the proposed issuance of up to KZT 220 billion of bonds in July.
The bank is based in Astana, Kazakhstan.
| Issuer: | ForteBank
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| Issue: | Bonds
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| Amount: | KZT 22 billion
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| Maturity: | Dec. 15, 2024
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| Coupon: | 4%
|
| Price: | Par
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| Yield: | 4%
|
| Trade date: | Sept. 13
|
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