New Issue: Kazakhstan prices KZT 3.67 billion more 5½% treasury bonds due 2032 to yield 5.15%

By Marisa Wong

Madison, Wis., June 21 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 3.67 billion of 5½% long-term treasury bonds (Meukam-240, first issue) on Thursday.

The ministry said this brings the total size of the first issue to KZT 18.67 billion. The initial KZT 15 billion of Meukam-240 bonds settled on April 24.

The additional bonds were auctioned at a net price of 104.2687, for proceeds of KZT 3.86 billion, to yield 5.15%.

The bonds will mature on April 24, 2032. Interest is payable annually.

Active orders were received for KZT 23.38 billion of bonds. The amount of accepted orders represents 24.5% of the issuer's planned issuance of KZT 15 billion of bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-240, first issue)
Amount:	KZT 3,674,500,000
Proceeds:	KZT 3,863,352,152
Maturity:	April 24, 2032
Coupon:	5½%, payable annually
Net price:	104.2687
Yield:	5.15%
Auction date:	June 21
Settlement date:	June 21

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