New Issue: Kazakhstan sells KZT 1.67 billion 5.6% bonds due 2025 to yield 6.6%

By Marisa Wong

Madison, Wis., Nov. 13 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 1.67 billion of 5.6% treasury bonds due 2025 (Meukam-180, third issue) on Tuesday.

The ministry said this brings the total size of the issue to KZT 20.05 billion. The initial KZT 13.38 billion of long-term treasury bonds settled on Nov. 24, 2010, and an additional KZT 5 billion of the bonds settled on Aug. 13.

The latest bonds were auctioned at a net price of 91.4313 for proceeds of KZT 1.61 billion to yield 6.6%.

Active orders were received for KZT 4.26 billion of bonds. The net price on submitted orders ranged from 80.9900 to 91.4313.

The amount of accepted orders represents 33.3% of the issuer's planned issuance of KZT 5 billion of additional bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-180, third issue)
Amount:	KZT 1,666,666,000
Proceeds:	KZT 1,614,335,836
Maturity:	Nov. 24, 2025
Coupon:	5.6%, payable annually
Net price:	91.4313
Yield:	6.6%
Auction date:	Nov. 13
Settlement date:	Nov. 13

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