Published on 7/20/2010 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan auctions KZT 13 billion 6½% 13-year Treasury bonds
By Angela McDaniels
Tacoma, Wash., July 20 - The Kazakhstan Finance Ministry said it accepted orders for 13 billion Kazak tenge of long-term Treasury obligations (Meukam) in an auction on Tuesday.
The bonds mature July 20, 2023 and carry a coupon of 6½%.
Orders were received for KZT 45.35 billion of the bonds. The minimum and maximum coupon rates on submitted orders were 5.5% and 8.5%, respectively, and the weighted average coupon rate on submitted orders was 7.1411%.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term Treasury obligations (Meukam)
|
| Amount: | KZT 13 billion
|
| Maturity: | July 20, 2023
|
| Coupon: | 6½%, payable annually
|
| Auction date: | July 20
|
| Settlement date: | July 20
|
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