By Marisa Wong
Madison, Wis., July 27 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 2.5 billion of 4.2% mid-term treasury bonds (Meokam-60, 43rd issue) on Friday.
The bonds mature on March 14, 2017. Interest is payable semiannually.
The ministry said this brings the total size of the issue to KZT 43.65 billion. The initial KZT 13.33 billion of mid-term treasury bonds settled on March 14, an additional KZT 16.37 billion of the bonds settled on June 6, and another KZT 11.45 billion of the bonds settled on July 11.
The newest bonds were auctioned at a net price of 100.0375 for proceeds of KZT 2.54 billion to yield 4.19%.
Active orders were received for KZT 4.05 billion of bonds. The net price on active orders ranged from 98.7951 to 100.1294.
The amount of accepted orders represents 25% of the issuer's planned issuance of KZT 10 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Mid-term treasury bonds (Meokam-60, 43rd issue)
|
| Amount: | KZT 2.5 billion
|
| Proceeds: | KZT 2,539,729,166.66
|
| Maturity: | March 14, 2017
|
| Coupon: | 4.2%, payable semiannually
|
| Net price: | 100.0375
|
| Yield: | 4.19%
|
| Auction date: | July 27
|
| Settlement date: | July 27
|
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