By Marisa Wong
Madison, Wis., June 28 - Kazakhstan Finance Ministry said it accepted orders for KZT 25 billion of long-term treasury bonds (Meujkam-204, sixth issue) on Thursday.
The bonds will mature on June 28, 2029 and have a coupon of inflation plus 1 basis point. Interest is payable annually.
The ministry said that the current inflation rate for the trailing 12 months reached 105.0098. With that, the forecast yield to maturity of the placed bonds is estimated at 5.02%.
Active orders were received for KZT 167.21 billion of bonds. The amount of accepted orders represents 100% of the issuer's planned issuance.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meujkam-204, sixth issue)
|
| Amount: | KZT 25 billion
|
| Maturity: | June 28, 2029
|
| Coupon: | Inflation plus 1 bp
|
| Pricing date: | June 28
|
| Settlement date: | June 28
|
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