New Issue: Kazakhstan auctions KZT 10.47 billion more 6% treasury bonds due 2019

By Marisa Wong

Madison, Wis., Oct. 16 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 10.47 billion of 6% long-term treasury bonds (Meukam-84, 11th issue) on Tuesday.

The ministry said this brings the total size of the issue to KZT 23.94 billion. The initial KZT 13.47 billion of seven-year treasury bonds settled on Oct. 5.

The newest bonds were auctioned at a net price of 99.95 for proceeds of KZT 10.48 billion to yield 6.01%.

Active orders were received for KZT 13.26 billion of bonds. The net price on active orders ranged from 80.5778 to 100, and the yields ranged from 6% to 10%.

The amount of accepted orders represents 104.7% of the issuer's planned issuance of KZT 10 billion of bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-84, 11th issue)
Amount:	KZT 10,468,170,000
Proceeds:	KZT 10,482,127,559.99
Maturity:	Oct. 5, 2019
Coupon:	6%, payable annually
Net price:	99.95
Yield:	6.01%
Auction date:	Oct. 16

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