By Marisa Wong
Madison, Wis., Oct. 30 - The Kazakhstan Finance Ministry said it accepted orders for KZT 78.86 billion of long-term treasury bonds (Meujkam-108, fifth issue) on Wednesday.
The nine-year bonds have a coupon of inflation plus 1 basis point.
The ministry said that the current inflation rate for the trailing 12 months reached 105.426. With that, the forecast yield to maturity of the placed bonds is estimated at 5.44%.
Active orders were received for KZT 87.33 billion of bonds.
The amount of accepted orders represents 92.8% of the issuer's planned placement of KZT 65 billion of bonds with a KZT 20 billion add-on.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meujkam-108, fifth issue)
|
| Amount: | KZT 78,862,154,000
|
| Maturity: | Oct. 30, 2022
|
| Coupon: | Inflation plus 1 bp, payable annually
|
| Pricing date: | Oct. 30
|
| Settlement date: | Oct. 30
|
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