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Published on 7/2/2020 in the Prospect News Emerging Markets Daily.

New Issue: Kazakhstan sells KZT 8.04 billion more 5˝% treasury bonds due 2022

By Marisa Wong

Los Angeles, July 2 – The Kazakhstan Finance Ministry sold KZT 8,041,500,000 of additional 5˝% long-term treasury bonds due May 5, 2022 (Meukam-144, first issue) at a special trading session held on Wednesday.

The bonds were sold at a weighed average “clean” price of 91.4447, corresponding to a weighted average yield of 10.8409%.

The amount of accepted orders represents 40.2% of the issuer’s planned placement of KZT 20 billion of bonds.

The issuer previously sold KZT 128,038,545,000 of the 5˝% bonds due 2022.

Issuer:Kazakhstan Finance Ministry
Issue:Long-term treasury bonds (Meukam-144, first issue)
Amount:KZT 8,041,500,000
Maturity:May 5, 2022
Coupon:5˝%
Price:91.4447
Yield:10.8409%
Auction date:July 2
Settlement date:July 2
Total issuance:KZT 136,080,045,000

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