Published on 8/18/2010 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan auctions KZT 14 billion 5.98% eight-year Treasury bills
By Angela McDaniels
Tacoma, Wash., Aug. 18 - The Kazakhstan Finance Ministry said it accepted orders for 14 billion Kazakh tenge of long-term Treasury bills (Meukam) on Wednesday.
The bonds mature Aug. 18, 2018 and carry a coupon of 5.98%, which is payable annually.
Orders were received for KZT 57.85 billion of the bonds. The minimum and maximum coupon rates on submitted orders were 5.75% and 6.5%, respectively, and the weighted average coupon rate on submitted orders was 6.1851%.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term Treasury bills (Meukam)
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| Amount: | KZT 14 billion
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| Maturity: | Aug. 18, 2018
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| Coupon: | 5.98%, payable annually
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| Auction date: | Aug. 18
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| Settlement date: | Aug. 18
|
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