Published on 8/9/2019 in the Prospect News Emerging Markets Daily.
New Issue: Pavlodar sells KZT 798.99 million 0.35% bonds due 2021
By Marisa Wong
Los Angeles, Aug. 9 – The local executive body of Kazakhstan’s Pavlodar region placed KZT 798,992,000 of additional 0.35% debt securities due 2021 at a special trading session held on Friday, 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 had registered to issue KZT 6,559,124,000 of the bonds and sold an initial KZT 2,323,359,000 on Feb. 27 and another KZT 2,829,386,000 on June 6.
Issuer: | Pavlodar Region, Kazakhstan
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Issue: | Debt securities
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Amount: | KZT 798,992,000
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Maturity: | Feb. 27, 2021
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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. 9
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Settlement date: | Aug. 9
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Total issuance: | KZT 5,951,737,000, including KZT 2,323,359,000 issued on Feb. 27 and KZT 2,829,386,000 issued on June 6
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