Published on 8/9/2019 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan sells KZT 1 billion more 6.65% bonds due 2021 at 9¾%
By Marisa Wong
Los Angeles, Aug. 9 – Kazakhstan’s Ministry of Finance sold KZT 1 billion of additional 6.65% long-term treasury bonds due July 9, 2021 (Meukam-84, 15th issue) at a repeated special trading session held on Friday, according to a Kazakhstan Stock Exchange notice.
The “clean” price was 94.7839, corresponding to a yield of 9¾%.
The amount sold on Friday represents 33.3% of the issuer’s planned placement of KZT 3 billion of bonds.
This brings the total amount of the Meukam-84, 15th issue bonds to KZT 47,619,000,000, according to the notice.
| Issuer: | Kazakhstan’s Ministry of Finance
|
| Issue: | Long-term treasury bonds (Meukam-84, 15th issue)
|
| Amount: | KZT 1 billion
|
| Maturity: | July 9, 2021
|
| Coupon: | 6.65%
|
| Price: | 94.7839
|
| Yield: | 9¾%
|
| Auction date: | Aug. 9
|
| Settlement date: | Aug. 9
|
| Total issuance: | KZT 47,619,000,000
|
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