By Marisa Wong
Madison, Wis., July 30 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 25 billion of long-term treasury bonds (Meujkam-228, third issue) on Monday.
The bonds mature on June 29, 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 is 5.01%. With that, the forecast yield to maturity of the placed bonds is estimated at 4.9747%.
The issuer said this brings the total size of the third issue of Meujkam-228 bonds to KZT 38 billion. The initial KZT 13 billion of long-term treasury bonds settled on June 29, 2010.
The newest bonds were auctioned at a "dirty" price of 100.9323 for proceeds of KZT 25.23 billion.
Active orders were received for KZT 79.77 billion of bonds. The "dirty" price on active orders ranged from 100.0000 to 100.9500.
The amount of accepted orders represents 125% of the issuer's planned issuance of KZT 20 billion.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meujkam-228, third issue)
|
| Amount: | KZT 25 billion
|
| Proceeds: | KZT 25,233,075,000
|
| Maturity: | June 29, 2029
|
| Coupon: | Inflation plus 1 bp
|
| Price: | 100.9323
|
| Yield: | 4.9747%
|
| Auction date: | July 30
|
| Settlement date: | July 30
|
© 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.
