By Marisa Wong
Madison, Wis., Dec. 31 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 2 billion of 6.35% long-term treasury bonds (Meukam-120, 12th issue) at a special trading session held on Dec. 27.
The ministry said this brings the total size of the issue to KZT 8 billion. The initial KZT 3.67 billion of long-term treasury bonds settled on Oct. 18 and an additional KZT 2.33 billion settled on Oct. 22.
The newest 10-year bonds were auctioned at a net price of 100 for proceeds of KZT 2.02 billion to yield 6.3458%.
Active orders were received for KZT 9.86 billion of bonds. The net price on submitted orders ranged from 86.16 to 100.
The amount of accepted orders represents 15.4% of the issuer's planned issuance of KZT 13 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-120, 12th issue)
|
| Amount: | KZT 2 billion
|
| Proceeds: | KZT 2,024,341,667
|
| Maturity: | Oct. 18, 2022
|
| Coupon: | 6.35%, payable annually
|
| Net price: | 100
|
| Yield: | 6.3458%
|
| Auction date: | Dec. 27
|
| Settlement date: | Dec. 27
|
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