By Susanna Moon
Chicago, March 6 - Chagala International Holding BV said its subsidiary Caspi Ltd. placed KZT 2.25 billion of 10% five-year bonds in the Kazakhstan market.
Proceeds will be used for financing construction of residential and commercial real estate in the Republic of Kazakhstan as well as for repayment of some liabilities to creditors.
"We continue to exercise a diversity of financing options to propel our strategy," Francisco Parrilla, chief executive officer of Chagala, said in a press release.
"This particular financing will enable us to further generate value from our healthy project pipeline and bank of assets ready for development."
Caspi is the Atyrau, Kazakhstan, business unit of Chagala, which provides services and property solutions to oil and gas companies in the Caspian Region. Chagala is based in Almaty, Kazakhstan.
| Issuer: | Caspi Ltd.
|
| Issue: | Bonds
|
| Amount: | KZT 2.25 billion
|
| Maturity: | Five years
|
| Coupon: | 10%
|
| Settlement date: | March 6
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
