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Published on 4/28/2020 in the Prospect News Emerging Markets Daily.

New Issue: Kazakhstan sells KZT 68 billion more 8.46% bonds due 2033

By Marisa Wong

Los Angeles, April 28 – Kazakhstan’s Ministry of Finance said it sold KZT 68 billion of additional 8.46% treasury bonds due 2033 (Meukam-180, 14th issue) at a special trading session held on Friday.

The “clean” price was 86.8149, corresponding to a yield of 10.35%.

The amount priced represents 100% of the issuer’s planned placement.

The issuer had previously sold KZT 169,222,000,000 of the long-term treasury bonds.

Issuer:Ministry of Finance of Kazakhstan
Issue:Long-term treasury bonds (Meukam-180, 14th issue)
Amount:KZT 68 billion
Maturity:April 23, 2033
Coupon:8.46%
Price:86.8149
Yield:10.35%
Auction date:April 24
Settlement date:April 24
Total issuance:KZT 237,222,000,000, including KZT 12 billion issued on April 23, 2018, KZT 11 billion issued on May 21, 2018, KZT 10.25 billion issued on July 2, 2018, KZT 20 billion issued on Sept. 3, 2018, KZT 35 billion issued on Feb. 18, 2019, KZT 50 billion issued on June 10, 2019, KZT 5 billion issued on Aug. 14, 2019, KZT 10 billion issued on Nov. 13, KZT 10,972,000,000 issued on Dec. 11 and KZT 5 billion of Feb. 3

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