New Issue: Kazakhstan sells KZT 4 billion more 7% treasury bonds due 2023

By Marisa Wong

Los Angeles, Oct. 29 – The Kazakhstan Finance Ministry said it sold KZT 4 billion of additional 7% long-term treasury bonds due 2023 (Meukam-108, 11th issue) at a special trading session held on Monday.

The bonds were sold at a “clean” price of 91.2002 to yield 9.85%, according to a notice.

The amount of accepted orders represents 100% of the issuer’s planned placement. The issuer previously sold KZT 65,737,000,000 of the bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-108, 11th issue)
Amount:	KZT 4 billion
Maturity:	Aug. 29, 2023
Coupon:	7%
Price:	91.2002
Yield:	9.85%
Auction date:	Oct. 28
Settlement date:	Oct. 28
Total issuance:	KZT 69,737,000,000

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