By Marisa Wong
Morgantown, W.Va., Dec. 21 – National Bank of the Republic of Kazakhstan sold KZT 1 billion of additional 5.3% long-term treasury bonds due Dec. 21, 2021 (Meukam-120, 10th issue) issued by Kazakhstan’s Ministry of Finance at a special trading session held Tuesday, according to a Kazakhstan Stock Exchange notice.
The net price was 84.5543, corresponding to a yield of 9.3%.
The issuer had registered to issue KZT 28.2 billion of the bonds in December 2011. Most recently, National Bank placed KZT 1 billion of the bonds on Dec. 12, another KZT 1 billion on Dec. 13, KZT 1 billion on Dec. 14 and KZT 1 billion on Dec. 15.
Almaty, Kazakhstan-based National Bank conducted special trading sessions to sell government treasury bonds from Nov. 15 to Dec. 20 to help build a risk-free yield curve, according to previous stock exchange notices.
| Issuer: | Ministry of Finance of the Republic of Kazakhstan
|
| Issue: | Long-term treasury bonds (Meukam-120, 10th issue)
|
| Amount: | KZT 1 billion
|
| Maturity: | Dec. 21, 2021
|
| Agent: | National Bank of the Republic of Kazakhstan
|
| Coupon: | 5.3%
|
| Price: | 84.5543
|
| Yield: | 9.3%
|
| Trade date: | Dec. 20
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
