By Marisa Wong
Morgantown, W.Va., March 20 – Kazakhstan’s Ministry of Finance sold KZT 33.2 billion of additional 7.68% long-term treasury bonds due Aug. 13, 2029 (Meukam-180, 11th issue) at a repeated special trading session held Tuesday, according to a Kazakhstan Stock Exchange notice.
The “clean” price was 93.4039, corresponding to a yield of 8.6%.
The amount priced represented 110.7% of the issuer’s planned placement of KZT 30 billion of bonds.
The issuer had previously sold KZT 43 billion of the 7.68% bonds, which were registered in August 2014.
| Issuer: | Kazakhstan Ministry of Finance
|
| Issue: | Long-term treasury bonds (Meukam-180, 11th issue)
|
| Amount: | KZT 33.2 billion
|
| Maturity: | Aug. 13, 2029
|
| Coupon: | 7.68%
|
| Price: | 93.4039
|
| Yield: | 8.6%
|
| Trade date: | March 20
|
| Total issuance: | KZT 76.2 billion (including KZT 43 billion registered in August 2014)
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