Almaty, April 5, 2017 - Today a subsidiary of Qazkom - an investment company Kazakommerts Securities, announced that on April 3, the long-awaited initial placement of the 11th issue of secured coupon bonds of “Mortgage Organization Kazakhstan Mortgage Company (KMC) in the trading system KASE took place for a total of KZT5.8 bn. Yield to maturity was 10.75% per annum, the remaining circulation period is three years.
The company Kazkommerts Securities acted as the underwriter of the placement of these bonds. It should be noted that this placement was the first for the KMC since the beginning of 2014.
According to Chingiz Zhaksybek, Chairman of the Board of Kazkommerts Securities, today there is a high demand in the Kazakhstan corporate bonds market due to low interest rates on the market and high KZT liquidity among investors. "The placement of KMC bonds is a clear confirmation of the high demand from investors. As a result of the closing of specialized trades, the total volume of bids exceeded the offer more than twice, "Mr. Zhaksybek stated.
Currently, the issue of bonds on KASE is an excellent opportunity to attract KZT liquidity, both short-term and long-term, at an acceptable interest rate. In turn, Kazkommerts Securities makes every effort to ensure the availability of the stock market for promising issuers, speaking not only as a financial adviser, but also as an underwriter, which guarantees a successful placement.
Investment Banking Department
Kazkommerts Securities JSC
Tel .: +7 (727) 258-51-45, 244-65-05 ext. 58051
e-mail: AJumadilova@kazks.kz, email@example.com