Published on 10/22/2012 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan auctions KZT 2.33 billion more 6.35% treasury bonds due 2022
By Marisa Wong
Madison, Wis., Oct. 22 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 2.33 billion of 6.35% long-term treasury bonds (Meukam-120, 12th issue) on Monday.
The ministry said this brings the total size of the issue to KZT 6 billion. The initial KZT 3.67 billion of long-term treasury bonds settled on Oct. 18.
The newest 10-year bonds were auctioned at a net price of 99.9979 for proceeds of KZT 2.33 billion to yield 6.35%.
Active orders were received for KZT 7.63 billion of bonds. The net price on submitted orders ranged from 95.7771 to 100.0702.
The amount of accepted orders represents 15.6% of the issuer's planned issuance of KZT 15 billion of bonds.
Issuer: | Kazakhstan Finance Ministry
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Issue: | Long-term treasury bonds (Meukam-120, 12th issue)
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Amount: | KZT 2,333,333,000
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Proceeds: | KZT 2,334,930,296
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Maturity: | Oct. 18, 2022
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Coupon: | 6.35%, payable annually
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Net price: | 99.9979
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Yield: | 6.35%
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Auction date: | Oct. 22
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Settlement date: | Oct. 22
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