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Published on 5/14/2018 in the Prospect News Emerging Markets Daily.

New Issue: Kazakhstan sells KZT 20 billion more 8.45% treasury bonds due 2032

By Marisa Wong

Morgantown, W.Va., May 14 – Kazakhstan’s Ministry of Finance sold KZT 20 billion of additional 8.45% long-term treasury bonds due April 16, 2032 (Meukam-168, third issue) at a repeated special trading session held on Monday, according to a Kazakhstan Stock Exchange notice.

The “clean” price was 99.9757, corresponding to a yield of 8.45%.

The amount priced represents 100% of the issuer’s planned placement.

The issuer had previously sold KZT 20 billion of the 8.45% bonds.

Issuer:Kazakhstan’s Ministry of Finance
Issue:Long-term treasury bonds (Meukam-168, third issue)
Amount:KZT 20 billion
Maturity:April 16, 2032
Coupon:8.45%
Price:99.9757
Yield:8.45%
Auction date:May 14
Settlement date:May 14
Total issuance:KZT 40 billion, including KZT 20 billion issued on April 16

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