New Issue: Kazakhstan sells KZT 2.55 billion more 3% bonds due 2014 to yield 3.2%

By Marisa Wong

Madison, Wis., Dec. 10 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 2.55 billion of 3% mid-term treasury bonds (Meokam-24, 83rd issue) on Monday.

The ministry said this brings the total size of the issue to KZT 10.16 billion. The original KZT 7.61 billion of two-year bonds settled on Nov. 2.

The additional bonds were auctioned at a net price of 99.6332 for proceeds of KZT 2.55 billion to yield 3.2%.

Active orders were received for KZT 14.74 billion of bonds. The amount of accepted orders represents 51% of the issuer's planned issuance of KZT 5 billion of bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Mid-term treasury bonds (Meokam-24, 83rd issue)
Amount:	KZT 7,613,000,000
Proceeds:	KZT 2,548,721,600
Maturity:	Nov. 2, 2014
Coupon:	3%, payable semiannually
Net price:	99.6332
Yield:	3.2%
Auction date:	Dec. 10
Settlement date:	Dec. 10

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