By Marisa Wong
Madison, Wis., Jan. 24 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 14.59 billion of 6½% long-term treasury bonds (Meukam-180, eighth issue) at a special trading session held on Jan. 24.
The ministry said this brings the total size of the issue to KZT 19.42 billion. The initial KZT 4.83 billion of long-term treasury bonds settled on Oct. 24.
The newest 15-year bonds were auctioned at a net price of 99.0364 for proceeds of KZT 14.69 billion to yield 6.6%.
Active orders were received for KZT 18.88 billion of bonds. The net price on submitted orders ranged from 84.3994 to 100.0550, and the yield ranged from 6.49% to 8 3/8%.
The amount of accepted orders represents 112.2% of the issuer's planned issuance of KZT 13 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-180, eighth issue)
|
| Amount: | KZT 14.59 billion
|
| Proceeds: | KZT 14,686,498,260
|
| Maturity: | Oct. 24, 2027
|
| Coupon: | 6½%, payable annually
|
| Net price: | 99.0364
|
| Yield: | 6.6%
|
| Auction date: | Jan. 24
|
| Settlement date: | Jan. 24
|
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