By Marisa Wong
Los Angeles, Aug. 16 – Fund of Problem Loans auctioned KZT 10,086,276,000 of 9% 10-year bonds at a special trading session held on the Kazakhstan Stock Exchange on Wednesday, according to a notice.
The “clean” price for the bonds was par to yield 9%.
The amount placed represents 57.6% of the issuer’s planned placement of KZT 17,518,400,000 of bonds.
Almaty, Kazakhstan-based Fund of Problem Loans operates special programs to promote the recovery of the banking sector through the repayment of non-performing loans from second-tier banks.
| Issuer: | Fund of Problem Loans
|
| Issue: | Bonds
|
| Amount: | KZT 10,086,276,000
|
| Maturity: | 10 years
|
| Coupon: | 9%
|
| Price: | Par
|
| Yield: | 9%
|
| Trade date: | Aug. 14
|
| Settlement date: | Aug. 14
|
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