By Marisa Wong
Madison, Wis., Nov. 26 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 2.05 billion of 5¾% long-term treasury bonds (Meukam-72, 10th issue) on Friday.
The ministry said this brings the total size of the issue to KZT 4.45 billion. The initial KZT 2.4 billion of six-year bonds settled on Nov. 9.
The newest bonds were auctioned at a net price of 99.994 for proceeds of KZT 2.05 billion to yield 5¾%.
Active orders were received for KZT 9.17 billion of bonds. The net price on submitted orders ranged from 85.4839 to 100, and yields ranged from 5.7488% to 9%.
The amount of accepted orders represents 29.3% of the issuer's planned issuance of KZT 7 billion of bonds.
Issuer: | Kazakhstan Finance Ministry
|
Issue: | Long-term treasury bonds (Meukam-72, 10th issue)
|
Amount: | KZT 2.05 billion
|
Proceeds: | KZT 2,054,461,028
|
Maturity: | Nov. 9, 2018
|
Coupon: | 5¾%, payable annually
|
Net price: | 99.994
|
Yield: | 5¾%
|
Auction date: | Nov. 23
|
Settlement date: | Nov. 23
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.