By Marisa Wong
Madison, Wis., Nov. 16 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 4.55 billion of 6.8% long-term treasury bonds (Meukam-156, first issue) on Friday.
The ministry said this brings the total size of the issue to KZT 11.62 billion. The initial KZT 7.07 billion of 13-year bonds settled on Dec. 11, 2009.
The newest bonds were auctioned at a net price of 99.9854 for proceeds of KZT 4.84 billion to yield 6.8%.
Active orders were received for KZT 9.54 billion of bonds. The net prices on submitted orders ranged from 58.6843 to 102.1000, and yields ranged from 6.5073% to 15%.
The amount of accepted orders represents 45.5% of the issuer's planned issuance of KZT 10 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-156, first issue)
|
| Amount: | KZT 4.55 billion
|
| Proceeds: | KZT 4,837,249,589
|
| Maturity: | Dec. 11, 2022
|
| Coupon: | 6.8%, payable annually
|
| Net price: | 99.9854
|
| Yield: | 6.8%
|
| Auction date: | Nov. 16
|
| Settlement date: | Nov. 16
|
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