By Marisa Wong
Madison, Wis., Sept. 12 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 2 billion of 5.3% long-term treasury bonds (Meukam-120, 11th issue) on Wednesday.
The ministry said this brings the total size of the issue to KZT 35.72 billion. The initial KZT 15 billion of long-term treasury bonds settled on March 19, and an additional KZT 18.72 billion of the bonds settled on June 19.
The newest 10-year bonds were auctioned at a net price of 99.9659, for proceeds of KZT 2.05 billion, to yield 5.3%.
Interest is payable annually.
Active orders were received for KZT 4.06 billion of bonds. The net price on submitted orders ranged from 97.0858 to 100.0392.
The amount of accepted orders represents 13.3% of the issuer's planned issuance of KZT 15 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-120, 11th issue)
|
| Amount: | KZT 2 billion
|
| Proceeds: | KZT 2,050,256,889
|
| Maturity: | March 19, 2022
|
| Coupon: | 5.3%, payable annually
|
| Net price: | 99.9659
|
| Yield: | 5.3%
|
| Auction date: | Sept. 12
|
| Settlement date: | Sept. 12
|
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