Published on 7/2/2020 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan sells KZT 3.57 billion more 7.2% treasury bonds due 2025
By Marisa Wong
Los Angeles, July 2 – Kazakhstan’s Ministry of Finance sold KZT 3,566,000,000 of additional 7.2% long-term treasury bonds due May 27, 2025 (Meukam-120, 16th issue) at a special trading session held on Monday.
The bonds were sold at a “clean” price of 86.948, corresponding to a yield of 10¾%.
The amount of accepted orders represents 118.9% of the issuer’s planned placement of KZT 3 billion of bonds.
The issuer previously sold KZT 150 million of the 7.2% bonds due 2025.
| Issuer: | Kazakhstan’s Ministry of Finance
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| Issue: | Long-term treasury bonds (Meukam-120, 16th issue)
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| Amount: | KZT 3,566,000,000
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| Maturity: | May 27, 2025
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| Coupon: | 7.2%
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| Price: | 86.948
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| Yield: | 10¾%
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| Auction date: | June 29
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| Settlement date: | June 29
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| Total issuance: | KZT 3,716,000,000
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