New Issue: Kazakhstan sells KZT 1.46 billion more 6.8% treasury bonds due 2022 to yield 6.6%

By Marisa Wong

Madison, Wis., Nov. 26 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 1.46 billion of 6.8% long-term treasury bonds (Meukam-156, first issue) on Monday.

The ministry said this brings the total size of the issue to KZT 13.08 billion. The initial KZT 7.07 billion of 13-year bonds settled on Dec. 11, 2009, and another KZT 4.55 billion settled on Nov. 16.

The newest bonds were auctioned at a net price of 101.4265 for proceeds of KZT 1.58 billion to yield 6.6%.

Active orders were received for KZT 1.62 billion of bonds. The net price on submitted orders ranged from 98.5819 to 101.4266, and yields ranged from 6.6% to 7%.

The amount of accepted orders represents 14.6% 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 1,463,200,000
Proceeds:	KZT 1,579,424,415
Maturity:	Dec. 11, 2022
Coupon:	6.8%, payable annually
Net price:	101.4265
Yield:	6.6%
Auction date:	Nov. 26
Settlement date:	Nov. 26

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