By Marisa Wong
Madison, Wis., Nov. 30 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 50 billion of long-term treasury bonds (Meujkam-180, fifth issue) on Friday.
The bonds mature in 2023 and have a coupon of inflation plus 1 basis point.
The ministry said that the current inflation rate for the trailing 12 months is 5.649%. With that, the forecast yield to maturity of the placed bonds is estimated at 5.8537%.
The issuer said this brings the total size of the fifth issue of Meujkam-180 bonds to KZT 62 billion. The initial KZT 12 billion of 15-year bonds settled on Nov. 27, 2008.
The newest bonds were auctioned at a "dirty" price of 98.4200 for proceeds of KZT 49.21 billion.
Active orders were received for KZT 52.07 billion of bonds. The "dirty" price on active orders ranged from 98.4200 to 106.5917, and the yields ranged from 4.87% to 5.85%.
The amount of accepted orders represents 100% of the issuer's planned placement.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meujkam-180, fifth issue)
|
| Amount: | KZT 50 billion
|
| Proceeds: | KZT 49.21 billion
|
| Maturity: | Nov. 27, 2023
|
| Coupon: | Inflation plus 1 bp
|
| Price: | 98.4200
|
| Yield: | 5.8537%
|
| Auction date: | Nov. 30
|
| Settlement date: | Nov. 30
|
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