By Marisa Wong
Madison, Wis., Sept. 26 - JSC Holding KazExportAstyk placed KZT 3.55 billion of 8½% bonds due 2016 at a special trading session held on Wednesday, according to a Kazakhstan Stock Exchange announcement.
The third issue bonds were auctioned at a net price of 95.3171 for proceeds of KZT 3.44 billion to yield 10%.
The placed bonds represent 108% of the issuer's planned issuance of KZT 3.3 billion of bonds.
KazExportAstyk is authorized to issue a total of KZT 40 billion of the third issue bonds. The first tranche settled on July 18, 2011.
The agricultural company based in Astana, Kazakhstan.
| Issuer: | JSC Holding KazExportAstyk
|
| Issue: | Bonds
|
| Amount: | KZT 3,553,000,000
|
| Maturity: | July 18, 2016
|
| Coupon: | 8½%, payable semiannually
|
| Price: | 95.3171
|
| Yield: | 10%
|
| Trade date: | Sept. 25
|
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