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Published on 1/31/2019 in the Prospect News Emerging Markets Daily.

New Issue: Kazakhstan sells KZT 31 billion more 8.07% treasury bonds due 2035

By Marisa Wong

Morgantown, W.Va., Jan. 31 – Kazakhstan’s Ministry of Finance sold KZT 31 billion of additional 8.07% long-term treasury bonds due Jan. 29, 2035 (Meukam-240, fourth issue) at a repeated special trading session held on Wednesday, according to a Kazakhstan Stock Exchange notice.

The “clean” price was 94.0167, corresponding to a yield of 8.78%.

The amount priced represents 103.3% of the issuer’s planned placement of KZT 30 billion of bonds.

The total amount of the Meukam-240, fourth issue bonds is now KZT 201,296,452,000.

Issuer:Kazakhstan’s Ministry of Finance
Issue:Long-term treasury bonds (Meukam-240, fourth issue)
Amount:KZT 31 billion
Maturity:Jan. 29, 2035
Coupon:8.07%
Price:94.0167
Yield:8.78%
Auction date:Jan. 30
Settlement date:Jan. 30
Total issuance:KZT 201,296,452,000

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