By Marisa Wong
Madison, Wis., Nov. 15 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 333.33 million of 5.3% long-term treasury bonds (Meukam-120, 10th issue) on Thursday.
The ministry said this brings the total size of the issue to KZT 26.16 billion. The initial KZT 9.83 billion of 10-year bonds settled on Dec. 21, 2011, and an additional KZT 16 billion settled on Jan. 18, 2012.
The newest bonds were auctioned at a net price of 91.2982 for proceeds of KZT 320.23 million to yield 6.6%.
Active orders were received for KZT 9.34 billion of bonds. The net price on submitted orders ranged from 64.0464 to 91.2982, and yields ranged from 6.6% to 12%.
The amount of accepted orders represents 3.3% of the issuer's planned issuance of KZT 10 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-120, 10th issue)
|
| Amount: | KZT 333,333,000
|
| Proceeds: | KZT 320,227,013
|
| Maturity: | Dec. 21, 2021
|
| Coupon: | 5.3%, payable annually
|
| Net price: | 91.2982
|
| Yield: | 6.6%
|
| Auction date: | Nov. 15
|
| Settlement date: | Nov. 15
|
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