By Marisa Wong
Morgantown, W.Va., Aug. 3 – National Bank of the Republic of Kazakhstan sold KZT 1 billion of 7.68% long-term treasury bonds due Aug. 13, 2029 (Meukam-180, 11th issue) issued by Kazakhstan’s Ministry of Finance at a special trading session held Wednesday, according to a Kazakhstan Stock Exchange notice.
The cut-off price was 90.5242, corresponding to a yield of 9%.
The issuer had registered to issue KZT 43 billion of the bonds in August 2014.
Almaty, Kazakhstan-based National Bank is conducting special trading sessions to sell government treasury bonds from Aug. 2 to Aug. 24, according to a separate stock exchange notice.
| Issuer: | Kazakhstan Ministry of Finance
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| Issue: | Long-term treasury bonds (Meukam-180, 11th issue)
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| Amount: | KZT 1 billion
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| Maturity: | Aug. 13, 2029
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| Coupon: | 7.68%
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| Price: | 90.5242
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| Yield: | 9%
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| Agent: | National Bank of the Republic of Kazakhstan
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| Trade date: | Aug. 2
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