By Marisa Wong
Madison, Wis., Aug. 20 – JSC KazAgroFinance sold KZT 2.5 billion of 8% bonds due 2023 at a special trading session held on Tuesday, according to a Kazakhstan Stock Exchange announcement.
The net price for the bonds was 94.1759, corresponding to a yield of 9%.
Active orders totaled KZT 2.69 billion. The net price on submitted orders ranged from 88.7898 to 94.1759, and yields ranged from 9% to 10%.
The company registered to issue KZT 17 billion of the bonds in July and had planned to place KZT 5 billion principal amount at Tuesday’s session.
KazAgroFinance provides domestic agricultural producers with access to financing. The issuer is based in Astana, Kazakhstan.
| Issuer: | JSC KazAgroFinance
|
| Issue: | Bonds
|
| Amount: | KZT 2.5 billion
|
| Proceeds: | KZT 2,372,730,833
|
| Maturity: | Jan. 16, 2023
|
| Coupon: | 8%
|
| Price: | 94.1759
|
| Yield: | 9%
|
| Trade date: | Aug. 19
|
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