By Marisa Wong
Madison, Wis., Nov. 21 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 2.06 billion of 5.3% long-term treasury bonds (Meukam-120, 10th issue) on Wednesday.
The ministry said this brings the total size of the issue to KZT 28.22 billion. The initial KZT 9.83 billion of 10-year bonds settled on Dec. 21, 2011, an additional KZT 16 billion settled on Jan. 18, 2012 and another KZT 333.33 million settled on Nov. 15.
The newest bonds were auctioned at a net price of 91.3 for proceeds of KZT 1.98 billion to yield 6.6019%.
Active orders were received for KZT 4.16 billion of bonds. The net price on submitted orders ranged from 64.0882 to 91.3, and yields ranged from 6.6019% to 12%.
The amount of accepted orders represents 29.4% of the issuer's planned issuance of KZT 7 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-120, 10th issue)
|
| Amount: | KZT 2,055,000,000
|
| Proceeds: | KZT 1,976,053,750
|
| Maturity: | Dec. 21, 2021
|
| Coupon: | 5.3%, payable annually
|
| Net price: | 91.3
|
| Yield: | 6.6019%
|
| Auction date: | Nov. 21
|
| Settlement date: | Nov. 21
|
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