Published on 8/8/2018 in the Prospect News Emerging Markets Daily.
New Issue: Pavlodar, Kazakhstan, places KZT 500 million more 0.35% bonds due 2020
By Marisa Wong
Morgantown, W.Va., Aug. 8 – The local executive body of Kazakhstan’s Pavlodar region placed KZT 500 million of additional 0.35% debt securities due 2020 at a special trading session held on Tuesday, according to a Kazakhstan Stock Exchange announcement.
The “clean” price for the bonds was par, corresponding to a yield of 0.35%.
The amount issued represents 100% of the issuer’s planned placement.
The issuer previously registered to issue KZT 6,416,463,000 of the bonds and sold KZT 1,474,533,000 on March 2, KZT 1.16 billion on June 14 and KZT 748,431,000 on June 28.
Issuer: | Pavlodar region
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Issue: | Debt securities
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Amount: | KZT 500 million
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Maturity: | March 6, 2020
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Coupon: | 0.35%
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Price: | Par
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Yield: | 0.35%
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Trade date: | Aug. 7
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Settlement date: | Aug. 7
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Total issuance: | KZT 3,882,964,000, including KZT 1,474,533,000 on March 2, KZT 1.16 billion on June 14 and KZT 748,431,000 on June 28
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