By Marisa Wong
Morgantown, W.Va., Feb. 20 – Faeton Co. sold KZT 968.76 million of 13½% bonds due May 24, 2024 at a special trading session held on Tuesday, according to a Kazakhstan Stock Exchange announcement.
The bonds were priced to yield 13.4867%.
The amount of orders accepted represents 100% of the issuer’s planned placement.
The issuer had registered to issue up to KZT 4.5 billion of the 13½% bonds and sold an initial KZT 1 billion on May 24, 2017, an additional KZT 1 billion on Oct. 26 and another KZT 500 million on Nov. 24.
Faeton is a land and property lessor based in Almaty, Kazakhstan.
| Issuer: | Faeton Co.
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| Issue: | Bonds
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| Amount: | KZT 968,758,000
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| Maturity: | May 24, 2024
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| Coupon: | 13½%
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| Yield: | 13.4867%
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| Trade date: | Feb. 20
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