By Marisa Wong
Morgantown, W.Va., Nov. 28 – National Bank of the Republic of Kazakhstan sold a total of KZT 2 billion of 5.6% long-term treasury bonds due Oct. 19, 2019 (Meukam-108, fifth issue) issued by Kazakhstan’s Ministry of Finance at special trading sessions held Thursday and Friday, according to Kazakhstan Stock Exchange notices.
On Thursday, the bank sold KZT 1 billion of the bonds at a cut-off price of 88.6751 to yield 10.3%.
On Friday, the bank sold KZT 1 billion of the bonds at a cut-off price of 89.0164 to yield 10.15%.
The issuer had registered to issue KZT 38.62 billion of the bonds in October 2010.
Almaty, Kazakhstan-based National Bank is conducting special trading sessions to sell government treasury bonds from Nov. 15 to Dec. 20 to help build a risk-free yield curve, according to the stock exchange notices.
| Issuer: | Ministry of Finance of the Republic of Kazakhstan
|
| Issue: | Long-term treasury bonds (Meukam-108, fifth issue)
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| Amount: | KZT 2 billion
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| Maturity: | Oct. 19, 2019
|
| Coupon: | 5.6%
|
| Price: | 88.6751 for KZT 1 billion and 89.0164 for KZT 1 billion
|
| Yield: | 10.3% for KZT 1 billion, 10.15% for KZT 1 billion
|
| Agent: | National Bank of the Republic of Kazakhstan
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| Trade date: | Nov. 24 for KZT 1 billion, Nov. 25 for KZT 1 billion
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