By Marisa Wong
Los Angeles, July 18 – Wholesale and Retail Trade Venture priced KZT 900 million of 10½% seven-year bonds at a special trading session held on Thursday, according to a Kazakhstan Stock Exchange notice.
The bonds were sold at a “clean” price of par to yield 10½%.
The amount placed represents 100% of the company’s planned issuance.
The Almaty, Kazakhstan-based issuer has registered to issue up to KZT 3.5 billion of the bonds.
| Issuer: | Wholesale and Retail Trade Venture
|
| Issue: | Bonds
|
| Amount: | KZT 900 million
|
| Maturity: | Seven years
|
| Coupon: | 10½%
|
| Price: | Par
|
| Yield: | 10½%
|
| Trade date: | July 18
|
| Settlement date: | July 18
|
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