New Issue: Kazakhstan sells KZT 5 billion more 7.9% bonds due 2038 at 8.79% yield

By Marisa Wong

Los Angeles, Aug. 7 – Kazakhstan’s Ministry of Finance sold KZT 5 billion of additional 7.9% long-term treasury bonds due Dec. 20, 2038 (Meukam-300, first issue) at a repeated special trading session held on Wednesday, according to a Kazakhstan Stock Exchange notice.

The “clean” price was 91.7772, corresponding to a yield of 8.79%.

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

The total amount of the Meukam-300, first issue bonds is now KZT 122,738,000,000.

Issuer:	Kazakhstan’s Ministry of Finance
Issue:	Long-term treasury bonds (Meukam-300, first issue)
Amount:	KZT 5 billion
Maturity:	Dec. 20, 2038
Coupon:	7.9%
Price:	91.7772
Yield:	8.79%
Auction date:	Aug. 7
Settlement date:	Aug. 7
Total issuance:	KZT 122,738,000,000

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