By Marisa Wong
Madison, Wis., Aug. 14 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 5 billion of 5.6% long-term treasury bonds (Meukam-180, third issue) on Monday.
The bonds will mature on Nov. 24, 2025. Interest is payable annually.
The ministry said this brings the total size of the issue to KZT 18.38 billion. The initial KZT 13.38 billion of long-term treasury bonds settled on Nov. 24, 2010.
The additional bonds were auctioned at a net price of 102.7802 for proceeds of KZT 5.34 billion to yield 5.3%.
Active orders were received for KZT 6.09 billion of bonds. The net price on submitted orders ranged from 88.1048 to 103.7400.
The amount of accepted orders represents 33.3% of the issuer's planned issuance of KZT 15 billion of additional bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-180, third issue)
|
| Amount: | KZT 5 billion
|
| Proceeds: | KZT 5,340,454,444
|
| Maturity: | Nov. 24, 2025
|
| Coupon: | 5.6%, payable annually
|
| Net price: | 102.7802
|
| Yield: | 5.3%
|
| Auction date: | Aug. 13
|
| Settlement date: | Aug. 13
|
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