By Marisa Wong
Madison, Wis., June 16 – Central Asian Electric Energy Corp. JSC sold KZT 3.4 billion of floating-rate bonds due 2023 and KZT 1.25 billion of 6% bonds due 2025 at two special trading sessions held on Monday, according to Kazakhstan Stock Exchange announcements.
The net price for the 2023 bonds was 77.6250, corresponding to a yield of 10%, and the net price for the 2025 bonds was 75.090, corresponding to a yield of 10%.
The company registered to issue KZT 10 billion of the 2023 bonds in November 2013 and KZT 5 billion of the 2025 bonds this month.
The amount of accepted orders at Monday’s trading session for the 2023 bonds represents 100% of the issuer’s planned placement, and the amount of accepted orders at the trading session for the 2025 bonds represents 74% of the issuer’s planned placement of KZT 1.7 billion of bonds.
The energy company is based in Almaty, Kazakhstan.
| Issuer: | Central Asian Electric Energy Corp. JSC
|
| Issue: | Bonds
|
| Trade date: | June 15
|
|
|
| 2023 bonds
|
| Amount: | KZT 3.4 billion
|
| Maturity: | Nov. 6, 2023
|
| Coupon: | Floating (6% for current coupon period)
|
| Price: | 77.6250
|
| Yield: | 10%
|
|
|
| 2025 bonds
|
| Amount: | KZT 1.25 billion
|
| Maturity: | June 11, 2025
|
| Coupon: | 6%
|
| Price: | 75.0904
|
| Yield: | 10%
|
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