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Published on 6/3/2019 in the Prospect News Emerging Markets Daily.

New Issue: Kazakhstan sells KZT 50 billion more 8.44% treasury bonds due 2031

By Marisa Wong

Morgantown, W.Va., June 3 – Kazakhstan’s Ministry of Finance said it sold KZT 50 billion of additional 8.44% long-term treasury bonds due May 10, 2031 (Meukam-156, sixth issue) at a repeated special trading session held on Monday.

The “clean” price was 99.3945, corresponding to a yield of 8.52%.

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

The latest issuance brings the total amount of Meukam-156, sixth issue bonds to KZT 250.3 billion.

Issuer:Ministry of Finance of Kazakhstan
Issue:Long-term treasury bonds (Meukam-156, sixth issue)
Amount:KZT 50 billion
Maturity:May 10, 2031
Coupon:8.44%
Price:99.3945
Yield:8.52%
Auction date:June 3
Settlement date:June 3
Total issuance:KZT 250.3 billion

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