New Issue: Kazakhstan auctions KZT 4.05 billion more 5% bonds to yield 4.9978%

By Marisa Wong

Madison, Wis., July 25 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 4.05 billion of 5% long-term treasury bonds (Meukam-192, second issue) on Wednesday.

The bonds will mature on April 18, 2028. Interest is payable annually.

The ministry said this brings the total size of the issue to KZT 14.05 billion. The initial KZT 10 billion of bonds settled on April 18.

The newest bonds were auctioned at a net price of 100, for proceeds of KZT 4.1 billion, to yield 4.9978%.

Active orders were received for KZT 9.67 billion of bonds. The amount of accepted orders represents about 27% of the issuer's planned issuance of KZT 15 billion of bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-192, second issue)
Amount:	KZT 4,048,000,000
Proceeds:	KZT 4,102,535,556
Maturity:	April 18, 2028
Coupon:	5%, payable annually
Net price:	100
Yield:	4.9978%
Auction date:	July 25
Settlement date:	July 25

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.