New Issue: Kazakhstan’s Wholesale and Retail sells KZT 478 million more 10½% bonds

By Marisa Wong

Los Angeles, Aug. 6 – Wholesale and Retail Trade Venture placed KZT 478 million of additional 10½% bonds due 2026 at a special trading session held on Tuesday, according to a Kazakhstan Stock Exchange notice.

The bonds were sold at a “clean” price of par to yield 10.4975%.

The amount placed represents 100% of the company’s planned issuance.

The Almaty, Kazakhstan-based issuer had registered to issue up to KZT 3.5 billion of the bonds and previously sold KZT 900 million of the bonds.

Issuer:	Wholesale and Retail Trade Venture
Issue:	Bonds
Amount:	KZT 478 million add-on
Maturity:	July 18, 2026
Coupon:	10½%
Price:	Par
Yield:	10.4975%
Trade date:	Aug. 6
Settlement date:	Aug. 6
Total issuance:	KZT 1,378,000,000, including KZT 900 million issued on July 18

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