By Marisa Wong
Morgantown, W.Va., Aug. 15 – Faeton Co. sold KZT 600 million of additional 11% bonds due 2025 at a special trading session held on Wednesday, according to a Kazakhstan Stock Exchange announcement.
The bonds were priced to yield 10.9968%.
The amount of orders accepted represents 100% of the issuer’s planned placement.
The issuer had registered to issue up to KZT 3 billion of the 11% bonds and sold an initial KZT 406 million on July 24.
Faeton is a land and property lessor based in Almaty, Kazakhstan.
| Issuer: | Faeton Co.
|
| Issue: | Bonds, add-on
|
| Amount: | KZT 600 million
|
| Maturity: | July 24, 2025
|
| Coupon: | 11%
|
| Yield: | 10.9968%
|
| Trade date: | Aug. 15
|
| Total issuance: | KZT 1,006,000,000, including KZT 406 million sold on July 24
|
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