New Issue: Kazakhstan auctions KZT 3.33 billion more 5.8% treasury bonds due 2020

By Marisa Wong

Madison, Wis., Jan. 22 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 3.33 billion of 5.8% long-term treasury bonds (Meukam-120, eighth issue) at a special trading session held on Jan. 22.

The ministry said this brings the total size of the issue to KZT 21.33 billion. The initial KZT 18 billion of long-term treasury bonds settled on Sept. 15, 2010.

The newest 10-year bonds were auctioned at a net price of 98.7630 for proceeds of KZT 3.36 billion to yield 6%.

Active orders were received for KZT 31.23 billion of bonds. The net price on submitted orders ranged from 93.0308 to 98.7630.

The amount of accepted orders represents 33.3% of the issuer's planned issuance of KZT 10 billion of bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-120, eighth issue)
Amount:	KZT 3,333,333,000
Proceeds:	KZT 3,360,303,368
Maturity:	Sept. 15, 2020
Coupon:	5.8%, payable annually
Net price:	98.7630
Yield:	6%
Auction date:	Jan. 22
Settlement date:	Jan. 22

© 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.