By Marisa Wong
Madison, Wis., June 19 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 18.72 billion of 5.3% long-term treasury bonds (Meukam-120, 11th issue) on Tuesday.
The ministry said this brings the total size of the issue to KZT 33.72 billion. The initial KZT 15 billion of long-term treasury bonds settled on March 19.
The additional bonds were auctioned at a net price of 102.2472, for proceeds of KZT 19.39 billion, to yield 5%.
The bonds will mature on March 19, 2022. Interest is payable annually.
Active orders were received for KZT 23.88 billion of bonds. The net price on submitted orders ranged from 5.5 to 103.4859.
The amount of accepted orders represents 124.8% of the issuer's planned issuance of KZT 15 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-120, 11th issue)
|
| Amount: | KZT 18,718,000,000
|
| Proceeds: | KZT 19,386,644,396
|
| Maturity: | March 19, 2022
|
| Coupon: | 5.3%, payable annually
|
| Net price: | 102.2472
|
| Yield: | 5%
|
| Auction date: | June 19
|
| Settlement date: | June 19
|
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