New Issue: Kazakhstan sells KZT 10 billion 7.9% bonds due 2038 at 9.3% yield

By Marisa Wong

Los Angeles, Nov. 27 – Kazakhstan’s Ministry of Finance sold KZT 10 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 87.688, corresponding to a yield of 9.3%.

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

The total amount of the Meukam-300, first issue bonds is now KZT 132,738,000,000.

Issuer:	Kazakhstan’s Ministry of Finance
Issue:	Long-term treasury bonds (Meukam-300, first issue)
Amount:	KZT 10 billion
Maturity:	Dec. 20, 2038
Coupon:	7.9%
Price:	87.688
Yield:	9.3%
Auction date:	Nov. 27
Settlement date:	Nov. 27
Total issuance:	KZT 132,738,000,000

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