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Published on 9/5/2019 in the Prospect News Emerging Markets Daily.

New Issue: Kazakhstan sells KZT 5 billion more 5½% treasury bonds due 2026

By Marisa Wong

Los Angeles, Sept. 5 – Kazakhstan’s Ministry of Finance sold KZT 5 billion of additional 5½% long-term treasury bonds due Aug. 18, 2026 (Meukam-180, fourth issue) at a repeated special trading session held on Monday, according to a Kazakhstan Stock Exchange notice.

The “clean” price was 82.3589, corresponding to a yield of 9.02%.

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

The total amount of the Meukam-180, fourth issue bonds is now KZT 56 billion.

Issuer:Kazakhstan’s Ministry of Finance
Issue:Long-term treasury bonds (Meukam-180, fourth issue)
Amount:KZT 5 billion
Maturity:Aug. 18, 2026
Coupon:5½%
Price:82.3589
Yield:9.02%
Auction date:Sept. 2
Settlement date:Sept. 2
Total issuance:KZT 56 billion

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