By Marisa Wong
Madison, Wis., Sept. 14 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 333.33 million of 4½% mid-term treasury bonds (Meokam-60, 44th issue) on Friday.
The ministry said this brings the total size of the issue to KZT 10.63 billion. The initial KZT 10.3 billion of bonds settled on Sept. 5.
The newest five-year bonds were auctioned at a net price of 99.9988, for proceeds of KZT 333.7 million, to yield 4½%.
Active orders were received for KZT 5.71 billion of bonds. The net price on submitted orders ranged from 96.6247 to 99.9988.
The amount of accepted orders represents 2.2% of the issuer's planned issuance of KZT 15 billion of bonds.
Issuer: | Kazakhstan Finance Ministry
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Issue: | Mid-term treasury bonds (Meokam-60, 44th issue)
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Amount: | KZT 333,333,000
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Proceeds: | KZT 333,703,999.63
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Maturity: | Sept. 5, 2017
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Coupon: | 4½%, payable semiannually
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Net price: | 99.9988
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Yield: | 4½%
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Auction date: | Sept. 14
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Settlement date: | Sept. 14
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