By Marisa Wong
Madison, Wis., Dec. 31 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 21 billion of long-term treasury bonds (Meujkam-204, fourth issue) on Friday.
The bonds have a coupon of inflation plus 1 basis point.
The ministry said this brings the total size of the issue to KZT 36 billion. The initial KZT 15 billion of 17-year bonds settled on July 29, 2010.
The newest bonds were auctioned at a "dirty" price of 102.4037 for proceeds of KZT 21.5 billion.
Active orders were received for KZT 86.21 billion of bonds. The "dirty" price on active orders ranged from 97.2300 to 103.7231.
The amount of accepted orders represents 70% of the issuer's planned placement of KZT 30 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meujkam-204, fourth issue)
|
| Amount: | KZT 21 billion
|
| Proceeds: | KZT 21,504,777,000
|
| Maturity: | July 29, 2027
|
| Coupon: | Inflation plus 1 bp, payable annually
|
| Price: | 102.4037
|
| Auction date: | Dec. 28
|
| Settlement date: | Dec. 28
|
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