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Kazakhstan's Central Asian Electric Energy places no 10-year floaters
By Marisa Wong
Madison, Wis., Dec. 2 - Central Asian Electric Energy Corp. held a special trading session on the Kazakhstan Stock Exchange on Nov. 29 to place KZT 2 billion of floating-rate bonds due 2023. No bonds were placed due to an insufficient number of participants, according to a notice.
On Nov. 6, the company had registered to issue KZT 10 billion of the 10-year floating-rate bonds.
The current coupon rate is 6%.
Active orders were received for KZT 198.2 million of bonds at Friday's session.
The energy company is based in Almaty, Kazakhstan.
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