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-132, second issue) on Friday.
The bonds mature in 2022 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 5.0032%.
The issuer said this brings the total size of the second issue of Meujkam-132 bonds to KZT 64 billion. The initial KZT 14 billion of 11-year bonds settled on Nov. 29, 2011.
The newest bonds were auctioned at a "dirty" price of 105 for proceeds of KZT 52.5 billion.
Active orders were received for KZT 53.48 billion of bonds. The "dirty" price on active orders ranged from 100.0157 to 106.7183, and the yields ranged from 4.79% to 5.65%.
The amount of accepted orders represents 100% of the issuer's planned placement.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meujkam-132, second issue)
|
| Amount: | KZT 50 billion
|
| Proceeds: | KZT 52.5 billion
|
| Maturity: | Nov. 29, 2022
|
| Coupon: | Inflation plus 1 bp
|
| Price: | 105
|
| Yield: | 5.0032%
|
| Auction date: | Nov. 30
|
| Settlement date: | Nov. 30
|
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