By Marisa Wong
Madison, Wis., Dec. 7 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 13.09 billion of 6% long-term treasury bonds (Meukam-84, 11th issue) on Friday.
The ministry said this brings the total size of the issue to KZT 37.03 billion. The initial KZT 13.47 billion of seven-year treasury bonds settled on Oct. 5, and an additional KZT 10.47 billion settled on Oct. 16.
The newest bonds were auctioned at a net price of 99.9752 for proceeds of KZT 13.22 billion to yield 6%.
Active orders were received for KZT 23.5 billion of bonds. The net price on active orders ranged from 94.6863 to 100, and the yields ranged from 6% to 7%.
The amount of accepted orders represents 187% of the issuer's planned issuance of KZT 7 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-84, 11th issue)
|
| Amount: | KZT 13.09 billion
|
| Proceeds: | KZT 13,222,017,013.32
|
| Maturity: | Oct. 5, 2019
|
| Coupon: | 6%, payable annually
|
| Net price: | 99.9752
|
| Yield: | 6%
|
| Auction date: | Dec. 7
|
| Settlement date: | Dec. 7
|
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