By Marisa Wong
Madison, Wis., Jan. 15 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 4.67 billion of 3½% mid-term treasury bonds due 2015 (Meokam-36, 84th issue) on Jan. 15.
The ministry said this brings the total size of the issue to KZT 14.67 billion. The initial KZT 10 billion of bonds settled on Jan. 12, 2012.
The newest bonds were auctioned at a net price of 100.5742, for proceeds of KZT 4.69 billion, to yield 3.2%.
Active orders were received for KZT 18.89 billion of bonds. The net price on submitted orders ranged from 97.1894 to 100.5742, with yields ranging from 3.2% to 5%.
The amount of accepted orders represents 46.7% of the issuer's planned issuance of KZT 10 billion of bonds.
Following the placement of the KZT 4.67 billion of bonds, the ministry held a repeated special trading session for the same issue of mid-term treasury bonds.
No additional bonds were auctioned at the Tuesday afternoon session due to an absence of orders. The issuer had planned to place KZT 5.3 billion of bonds at the second session.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Mid-term treasury bonds (Meokam-36, 84th issue)
|
| Amount: | KZT 4,666,666,000
|
| Proceeds: | KZT 4,694,823,107
|
| Maturity: | Jan. 12, 2015
|
| Coupon: | 3½%, payable semiannually
|
| Net price: | 100.5742
|
| Yield: | 3.2%
|
| Auction date: | Jan. 15
|
| Settlement date: | Jan. 15
|
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