Published on 12/10/2019 in the Prospect News Emerging Markets Daily.
New Issue: Wholesale and Retail sells KZT 221 million more 10½% bonds
By Marisa Wong
Los Angeles, Dec. 10 – Kazakhstan’s Wholesale and Retail Trade Venture placed KZT 221 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 10.4952%.
The amount placed represents 100% of the company’s planned issuance.
The Almaty-based issuer had registered to issue up to KZT 3.5 billion of the bonds and previously sold KZT 2,154,000,000 of the bonds.
Issuer: | Wholesale and Retail Trade Venture
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Issue: | Bonds, add-on
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Amount: | KZT 221 million
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Maturity: | July 18, 2026
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Coupon: | 10½%
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Price: | Par
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Yield: | 10.4952%
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Trade date: | Dec. 10
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Settlement date: | Dec. 10
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Total issuance: | KZT 2,375,000,000, including KZT 900 million issued on July 18, KZT 478 million issued on Aug. 6, KZT 424 million issued on Sept. 12 and KZT 352 million issued on Oct. 10
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