By Marisa Wong
Madison, Wis., Dec. 14 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 12.2 billion of 5.3% mid-term treasury bonds (Meokam-48, 49th issue) on Friday.
The ministry said this brings the total size of the issue to KZT 15.75 billion. The initial KZT 3.55 billion of four-year bonds settled on Nov. 5.
The newest bonds were auctioned at a net price of 99.9941 for total proceeds of KZT 12.27 billion to yield 5.3%.
Active orders were received for KZT 21.74 billion of bonds. The net price on submitted orders ranged from 97.5957 to 100.3425, with yields ranging from 5.2% to 6%.
The amount of accepted orders represents 174.3% of the issuer's planned issuance of KZT 7 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Mid-term treasury bonds (Meokam-48, 49th issue)
|
| Amount: | KZT 12.2 billion
|
| Proceeds: | KZT 12,269,328,533
|
| Maturity: | Nov. 5, 2016
|
| Coupon: | 5.3%, payable semiannually
|
| Net price: | 99.9941
|
| Yield: | 5.3%
|
| Auction date: | Dec. 14
|
| Settlement date: | Dec. 14
|
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